Tag: BOOKS TAXES AND MORE
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C-Corp Elections and Tax Adjustments That Must Be Handled Before Filing
Some C-Corp tax decisions cannot be handled casually after filing. This blog explains why late-season corporations need to review bonus depreciation elections, de minimis safe harbor statements, partial disposition losses, and certain start-up cost decisions before filing Form 1120 rather than assuming amended returns will solve everything.
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What Individual Filers Can Still Fix Before Filing and What They Cannot Change After Filing
Many individual filers assume they can submit a return now and adjust important items later. This blog explains why that is not always true, focusing on child-related identification requirements and joint-versus-separate filing elections that can become much harder, or impossible, to change after filing.
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What You Still Have Time to Fix Before Filing, and What Becomes Harder to Undo After You Submit
In the last week of March, taxpayers still have time to fix missing documents, verify deductions, and decide whether filing now is wise. Once a return is filed, corrections often become formal, slower, and more visible. Filing quickly is not always the same as filing correctly.
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How Incomplete Business Books Create Tax Problems at Filing Time
Incomplete business books do more than slow down tax prep. They reduce filing options, compress judgment, and increase the risk of incorrect returns, amendments, and lost time. Filing season problems often begin with unreconciled records, not tax forms. Earlier cleanup preserves leverage and supports better tax decisions.
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IRS Tax Tip 2025-70 What Taxpayers Must Do Now
IRS Tax Tip 2025-70 urges taxpayers to prepare now for the 2026 filing season. With new reporting requirements and expanded deductions, early planning is critical. Steve Perry, EA helps individuals and businesses organize records, avoid IRS notices, and file accurately while maximizing every available tax benefit.
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Adoption Tax Credit Updates You Need to Know for 2025
IRS Tax Tip 2025-71 highlights updates to the adoption tax credit that can significantly reduce federal taxes for adoptive families. The credit has strict rules, documentation requirements, and income limits. Steve Perry, EA helps families claim the credit accurately, avoid IRS notices, and protect their refunds.
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IRS Voluntary Disclosure A Safe Path To Catch Up
IRS Voluntary Disclosure allows taxpayers to resolve problems safely before the IRS acts. Immediate, truthful action is required, full payment is expected, and Steve Perry EA delivers unmatched advocacy, strategic guidance, and proven results for Georgia business owners. Don’t wait, protection closes when the IRS contacts you.
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Will Amending Past Tax Returns Trigger an IRS Audit
Fixing old tax returns feels like inviting an audit but silence is more dangerous. Steve Perry, EA helps taxpayers correct past mistakes with a controlled plan that lowers risk, proves good faith and protects assets. With calm strategy and direct IRS experience he turns fear into clear next steps.
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How the IRS Targets Small Businesses
The IRS is tightening enforcement on small business compliance. Many entrepreneurs are caught off guard by unexpected reviews of payroll, deductions, and recordkeeping. Steve Perry EA helps small business owners prepare, respond, and defend their rights when the IRS comes knocking so they can focus on growth, not fear audits.
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Got an IRS Notice? Steve Perry Explains What to Do
When your business receives an IRS notice, timing and clarity matter. Learn what steps to take immediately, what to avoid, and how Steve Perry at Books, Taxes & More can guide you through every stage of the IRS response process with confidence, empathy, and proven expertise.
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