Tax resolution maximizes your chances of settling your tax debt and trying as much as possible to avoid the IRS. Unfortunately, there are only a few reasons that will warrant a contact...
Posted by KLSM CPA Firm PLLC on 11/10/2022
The gig economy applies to people ranging from freelance consultants to Uber drivers or full-time employees who do a side hustle. The tax returns are different whether you're paid...
Posted by KLSM CPA Firm PLLC on 10/30/2022
Small businesses usually run into problems because of the IRS Trust fund. The money held by the employer in trust is used to pay the employee’s Social Security and Medical taxes....
Posted by KLSM CPA Firm PLLC on 10/26/2022
Taxpayers find filing taxes hectic because it consumes more than thirteen hours of their time. The time consumed can extend beyond those hours depending on the complexity of your financial...
Posted by KLSM CPA Firm PLLC on 10/16/2022
When was the last time you woke up on a beautiful morning and felt happy and light, free from everyday rigmarole? You must have felt this when you were on vacation, and it was because...
Posted by KLSM CPA Firm PLLC on 10/07/2022
Children who learn to save from an early age have a huge advantage over their peers when they learn how to manage their money. But this does not happen automatically. Parents and guardians...
Posted by KLSM CPA Firm PLLC on 09/30/2022
Most people don't understand the late-filing penalties associated with Form 5500 (including 5500-EZ and 5500-SF). Why should they?But once you file late (or do not file at...
This guide will tell you everything you need to know about 1035 exchanges: how they work, the different types, and how to assess whether a 1035 exchange is right for you.What is a...
Posted by KLSM CPA Firm PLLC on 09/19/2022
As taxes are concerned, individual taxpayers, service providers, and organizations are privileged to know about the Earned Income Tax Credit (EITC) and disability. The EITC has a significant...
Posted by KLSM CPA Firm PLLC on 09/10/2022