by Clark Boyd | Mar 23, 2020 | Uncategorized
For many taxpayers the most frustrating part about doing their taxes is getting ahold of a real person at the IRS. The IRS is understaffed and unprepared to take on the daily volume of phone calls they receive. Unfortunately, this has caused callers to struggle with...
by Clark Boyd | Feb 2, 2020 | Filing
I had an experience over the holidays with family that presented a wonderful opportunity to write about. I was asked by an in-law about the new 2020 tax form, and why one spouse will now be taxed higher based on their higher earnings. I will freely admit that caught...
by Clark Boyd | Jan 20, 2020 | blog
There are actually two ways to look at your tax bracket. One is called your marginal tax bracket, and one is your effective tax bracket. Marginal Tax Bracket Your marginal tax bracket is the thing that is most common knowledge. They were recently changed in the newest...
by Clark Boyd | Aug 25, 2019 | IRS
In most cases, the statute of limitations grants the IRS a period of up to three years in which to initiate an audit of a taxpayer. The three-year clock begins counting down from the latter of the following dates: The date on which the return was originally due.In...
by Clark Boyd | Aug 18, 2019 | blog
Many fear the thought of receiving an IRS audit notice. Because of this fear, our tax firm has often encountered clients that put off opening any IRS letters for the fear of being notified of an audit. First, if you do receive an IRS audit notice, DO NOT PANIC. ...
