by Matthew | Feb 22, 2021 | Tax Blog
How to report IRS economic impact payments and PPP loan proceeds on your 2021 federal income tax return. Along with 160 million other Americans, you probably received an economic impact payment, economic stimulus payment, stimulus check, etc. (also called an “EIP” in...
by Matthew | Dec 19, 2019 | Tax Blog
Year-end planning: Get ready for the upcoming tax filing season by doing these things. As tax filing season approaches, there are several things that you should do before the end of 2019. This article outlines several year end tax planning items that all taxpayers...
by Matthew | Oct 1, 2019 | Tax Blog
Porter Law Office LLC recently helped secure an approved IRS offer in compromise for two clients. Both offers required proper understanding of the IRS’s reasonable collection potential (RCP) as the means to settle a tax liability. An offer in compromise, or OIC,...
by Matthew | Jun 13, 2019 | Tax Blog
The IRS is sending CP2000 notices to taxpayers because items from their tax return do not match information from employers, banks, or other third parties. If you have received a CP2000 from the IRS, then you should know that the IRS has conflicting information from...
by Matthew | Jan 16, 2019 | Tax Blog
If you are a taxpayer whose 2018 federal income tax withholding and estimated tax payments were less than your total tax liability for the year, then you are in luck. The IRS announced today that it is waiving the penalties for individuals whose tax withholding and...
