Category: IRS Tax Help

  • AI taking over tax preparation? IRS CP2000 Notices

    Should we be worried that AI will take over preparing tax returns? The truth of it is, AI has been preparing tax returns for IRS for a long time. The computers at IRS use the basic set up for your taxes, give you the minimum deductions you would likely have, and prepare a tax return…

  • Goals of an IRS Audit

    The goal of an IRS Audit is to enforce the tax law fairly and efficiently to increase voluntary compliance and narrow the tax gap. When you are selected for an IRS audit it can disrupt your life and invade your privacy. It can be expensive to hire representatives who know the law to defend you…

  • Estate & Gift Taxes

    The 2023 “Gift and Estate Tax Exemption” amount is $12,920,000 for a single person, or $25,840,000 for a married couple. This means that if you die in 2023 and the total fair market value of your assets at your time of death exceeds $12,920,000 every dollar more will be subject to an Estate tax of…

  • General Welfare is not Taxable

    If a payment is made for the promotion of the general welfare or as a disaster relief payment, it may be excludable from income for federal tax purposes under the General Welfare Doctrine or as a Qualified Disaster Relief Payment. The IRS has reviewed the types of payments made by various states in 2022 that…

  • Why can’t IRS just file my return for me?

    Over the years as a tax professional I have seen what happens when the IRS files a return for you. They will only do this for you, if the end result will be a balance due to them, the IRS. When a taxpayer hasn’t filed a return, and income documents have been received by IRS…

  • IRS News-Penalty Relief for 2019 and 2020 tax returns

    COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers IR-2022-155, August 24, 2022 WWW.IRS.GOV WASHINGTON — To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service today issued Notice 2022-36, which provides penalty relief…

  • Tax Organizers

    Need Help Gathering your Tax Documents? Use these Tax Time Organizers to make sure you are including everything when you file your taxes. Taxpayers with Children Taxpayers with Business and Rental Activities When it is time to get tax help, Hire and EA, We Speak Tax!

  • Tax Preparation Services

    Do you have a tax question, or is it time to start having a professional prepare your returns. Green Tax Clinic can help with your individual and small business tax matters. Service areas include: Tax Preparation Services Individual Tax Return Preparation Business Tax Return PreparationEstate Trust Tax Return Preparation Accounting & Bookkeeping guidance, account overview…