by Michael Hogberg, EA | Jun 26, 2024 | Updates
Mistakes on your tax return can happen, but the good news is that you can correct them by filing an amended return. Whether you’ve discovered an error, omitted information, or received new tax documents after filing, here’s a guide on how to amend your tax return....
by Michael Hogberg, EA | Jun 19, 2024 | Updates
Facing a tax audit can be intimidating, but with proper preparation and understanding, you can navigate the process smoothly and confidently. A tax audit is an examination of your tax return by the IRS to ensure the information you provided is accurate. Here’s how to...
by Michael Hogberg, EA | Jun 15, 2024 | Updates
In recent news, a Michigan business owner faced serious charges for allegedly underreporting business income and failing to pay employment taxes. While this case has gained attention, it underscores a broader issue that is unfortunately not uncommon among small and...
by Michael Hogberg, EA | Jun 12, 2024 | Updates
Charitable giving not only allows you to support causes you care about, but it also offers potential tax benefits. Understanding how to maximize these benefits can help you reduce your taxable income and make a more significant impact with your donations. Here’s a...
by Michael Hogberg, EA | Jun 5, 2024 | Updates
Capital gains taxes can significantly impact your investment returns, so it’s essential to understand how they work and how you can manage them. Capital gains are the profits you make from selling an asset, such as stocks, real estate, or other investments, for...
by Michael Hogberg, EA | May 29, 2024 | Updates
Retirement planning is not just about saving money; it’s also about understanding and managing the tax implications of your retirement income. Effective tax planning can help you maximize your retirement savings and minimize your tax liability. Here’s what you...