Miscalculation on Your 2020 Form 1040?

Miscalculation on Your 2020 Form 1040?

IRS, Taxes

If you’ve recently received a letter from the IRS stating that they “found a miscalculation on your 2020 Form 1040” caused by the Recovery Rebate Credit, keep reading. You’ve been waiting on a delayed 2020 refund for months and months…

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Can an S Corporation Own an LLC?

Can an S Corporation Own an LLC?

S-Corporation

My clients often struggle with determining how to set up their businesses and tax structures since “corporations,” “limited liability companies,” and “sole proprietorship” can often seem like overwhelming terms. Along these lines, one question I am sometimes asked is: Can…

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Child Tax Credit Guide

Child Tax Credit Guide

IRS, Taxes

Kids are expensive. The advance Child Tax Credit payments are here to help. But could this credit negatively affect your tax bill? Many of my clients have been asking if they should be worried about making bank from the government….

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