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Will the IRS Use AI in Tax Audits? 

The Internal Revenue Service (IRS) is taking measures to increase tax enforcement for high earners this tax season by implementing the use of artificial intelligence (AI). That’s correct – SkyNet is going to audit your tax returns.  These efforts are meant to help the...

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IRS Deadlines: What You Need to Know

While everyone knows that federal income tax returns are due on April 15 yearly, the Internal Revenue Service (IRS) imposes several other deadlines throughout the year. For example, there are quarterly payment deadlines, extension deadlines, retirement-related...

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Tax Responsibilities of Independent Contractors

While full-time employment is the standard, the gig economy has gained momentum over the last several years. If you are considering whether going into business for yourself is the right decision for you, you must understand the tax implications and responsibilities...

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Tax Filing Preparation Tips

Whether you’re a W-2 employee, a 1099 worker, or a business owner, you will need to pay taxes. Working with a tax professional can help ensure your taxes are prepared correctly — and you minimize your tax. However, you must still actively participate in the process...

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What is a Divisive Type D Reorganization?

A divisive Type D reorganization is a type of tax-free or tax-advantaged corporate reorganization allowed under the United States Internal Revenue Code that lets companies change their structure without incurring immediate tax consequences. With a Type D...

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