Let’s Connect

Month: August 2022

The Inflation Reduction Act: What Does It Contain?

Posted on by Krystal Dale

On August 12, Congress passed the Inflation Reduction Act, over 700 pages of economic changes. What does the act do? And just as important, what does it not do? To start with the name, the act’s proponents say the new law will fight inflation with deficit reductions — which makes most people ask, “Does it raise my […]

Read More… from The Inflation Reduction Act: What Does It Contain?

IRS Statement on balance due notices

Posted on by Krystal Dale

The IRS is aware that some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount. Who is affected: Generally, these are payments made by the spouse (second taxpayer listed) on a married filing […]

Read More… from IRS Statement on balance due notices

Join our email list.

We’ll deliver accounting insights and advice straight to your inbox.

Subscribe