Communication from the IRS

Now that Tax Day has passed, some consumers may open their mailbox to find a letter from the IRS. The IRS will always communicate via mail, so it is essential to read the letter carefully and in its entirety. The IRS may reach out for various reasons, including a change in your refund, a question regarding your tax return, a request for more information, or a balance is due.
If the request is for an audit, give our team a call, we are always available to assist you throughout the entire process.
It is important to respond timely to any request sent via the IRS and act accordingly. If a balance is requested, pay as soon as possible to avoid further issues. Options for payment installments can be found on the IRS website.
The IRS will only reach out via email, phone calls, or emails claiming to be the IRS should be considered fraudulent.

Tax Benefits for Small Business Owners

The IRS focuses on small business owners and provides tips and tax benefits to help them get the most out of their operations.
First, many small business owners can claim the home office deduction. To qualify, a business owner must use a specific room in the home exclusively for business.
To claim the credit, filers should use Form 8829 Expenses for Business Use of Your Home. This form calculates the credit based on the expenses of home operations related to personal and business use. Additionally, businesses can often deduct business-related food and beverage purchases. To qualify, the owner or one employee of the business must be present at the time of sale. Note that grocery or convenience stores do not qualify for this deduction. Look for more information on the IRS website.

Refund Myths

As you await your tax refund, we would like to debunk some common myths via information directly from the IRS.

  • Myth #1 Reaching out to the IRS will increase your refund speed. Utilize the Where’s My Refund? tool to check the status of your refund. An IRS representative cannot get your refund to you faster.
  • Myth #2 Visting Wheres My Refund many times a day will keep me updated.
  • The website updates once a day, and delays may occur.
  • Myth #3 Tax Professionals Can Speed Up Your Return

Although we would love to, our team has no impact on the speed at which your return is processed. We can guarantee accurate and fast filing of your returns but cannot handle speed once your return is submitted. Be diligent in researching tax information. A tax professional or the IRS website is your best bet for accurate information. As always, contact us with any questions or concerns you may have.