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    Home > Blog > Tax

    How to Pay a Tax Bill With a Credit Card Payment Options
    Posts

    Understand the options and costs of paying a tax bill with a credit card

    Your tax bill has come and gone, with you still owing money because you're a little strapped for cash. Or...

    mutual fund tax surprises bring rejected tax returns via e-filing electronically filing information returns
    Posts

    Watch out for these tax surprises

    Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Taxes Due
    Posts

    Reminder: Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your tax situation and make an estimated...

    taxes for seasonal workers
    Posts

    Seasonal jobs and taxes: What you need to know

    Summer jobs can be financially rewarding, but they can also come with tax consequences that are sometimes overlooked. Here are...

    Tax Opportunities When the Market Dips
    Posts

    When the market dips, tax opportunities rise

    With the current market uncertainty, the last thing on most taxpayers' minds is tax planning. However, amidst all these economic...

    Research charities
    Posts

    Researching charities to avoid fraud and help others

    Summer months are often the time of an increase in natural disasters, and hurricane season comes right after. You want...

    Why do I need to keep good records or hire a tax professional to file a business return
    Posts

    Keep great business records with these tips

    Your bookkeeping system is the financial heart and lifeblood of your business. When set up and operating properly, your books...

    Start using your tax refund and tips for marriage planning
    Posts

    Time to start your tax planning

    Now that April has come and gone, you could wait until January to think about taxes again—but that’s a bit...

    Avoid Amending for Audits of an IRS Tax Return Audit
    Posts

    Better to be surprised now than during an audit

    After filing a tax return, most of us are simply relieved another tax year is done. Before storing away your...

    Age and Taxes
    Posts

    Age does matter, when it comes to tax obligations

    One of the elements that makes our federal tax code so hard to follow is that different laws for taxes...

    Record Retention: Tips to Organize Your Tax Records
    Posts

    A guide to tax record retention

    After filing your tax return, do not close the book on your taxes until you have set up next year's...

    Tax Day Payments
    Posts

    It’s Tax Day! Don’t forget 1st quarter estimated payments

    Now is the time to pay your taxes and make your estimated tax payment. Both your individual tax return and...

    Why do I need a tax professional?
    Posts

    Why do I need a tax professional when I can buy tax prep software?

    You may wonder, "Why do I need a tax professional when I can buy tax prep software?" If you listen...

    How to Pay a Tax Bill With a Credit Card Payment Options
    Posts

    Tax bill payment options expand digitally: Understand the options and costs

    As payment alternatives continue to evolve in the economy, so do the payment options available to pay your tax bill....

    Tax Return Delayed
    Posts

    Those pesky delays: Here are some of the common causes

    Wondering why your tax return is not finished? The delay can often come from one or two items that were...

    estimated taxes for tax day
    Posts

    It’s tax time! Here are some last-minute details and tips

    With the individual tax-filing deadline on Tuesday, April 15th, if you have not already done so, now is the time...

    Tax Break for Elderly Caregiver(s) Maximize Deductions for Assisted Living
    Posts

    How to maximize deductions for assisted living

    Someone in your family may need assisted living care at some point. This care can be at an assisted living...

    Incorrect Tax Form
    Posts

    Help! My tax form is wrong!

    As the April 15th deadline quickly approaches, you may be scrambling to get your ducks in a row. However, you...

    Planning and Preparation for Protecting family estate while kids filing their own taxes
    Posts

    Tax uncertainty requires preparedness

    With several tax provisions set to expire at the end of this year, now is the time to evaluate your...

    Understanding the Tax Gap Projections Map Table
    Posts

    Understanding the tax gap: How voluntary tax compliance is measured

    As new rules and regulations introduce penalties for tax return errors, it's essential to recognize that the U.S. tax system...

    2024-2025 Calendar for Tax Return Information and Tips with first quarter estimates taxes
    Posts

    Tax return information that’s easy to miss

    Double-check this list of commonly overlooked information to ensure your tax return is filed quickly and without error. These little...

    IRS Workforce Changes
    Posts

    How recent IRS workforce changes may impact your tax filing

    Recent changes in the IRS workforce may affect how you file your tax return this year. Here’s what you need...

    Identity Theft
    Posts

    The new problem with IRS identity theft

    If you are a victim of tax identity theft, there is more bad news. In its most recent annual report...

    When to Start Tax Planning and Filing Your Taxes Early for Savings
    Posts

    Tax savings can be found in the elections you make

    Every year is an election year when it comes to making decisions on your annual income tax return. Here are...

    New log standard business mileage tax deduction rates for 2024/2025
    Posts

    Does your mileage log travel the distance?

    The tax code allows deductions for qualified miles driven for business, medical, moving, and charitable purposes. But to claim this...

    Basis is a standard IRS term that probably does not enter your everyday conversation. This IRS term is important because it impacts the taxes you pay when you sell, exchange, or give away property. So what does basis mean in tax terms anyway?
    Posts

    Understanding tax terms: Covering the bases on basis

    Basis is a standard IRS term that probably does not enter your everyday conversation. This IRS term is important because...

    correct your reporting online payment on 1099-Ks
    Posts

    Review and correct your 1099s now

    It's now February, and you realize the Form 1099 you received is in error. In fact, it overstates your income...

    What contemporaneous records do I need to keep? CPA preparations or compilations
    Posts

    Understanding tax terms: contemporaneous records

    If you have problems sleeping at night and turn to the IRS tax code for help, you might find some...

    IRS Letter for Penalty Relief Notices and Rebate Payments
    Posts

    IRS proactively issues one million rebate payments

    In late December, the IRS announced plans to issue automatic payments to eligible people who did not claim the Recovery...

    Maximize the Child and Dependent Care Credit to Deduct Summer Activity Expenses
    Posts

    Maximize the child and dependent care credit

    The Child and Dependent Care Credit reduces taxes to offset the cost of daycare when you are employed. The maximum...

    Record Retention: Tips to Organize Your Tax Records
    Posts

    It’s tax preparation time

    January officially launches the tax season. As those tax forms start coming in, here are some tips to help you...

    New log standard business mileage tax deduction rates for 2024/2025
    Posts

    2025 mileage rates are here

    The new mileage rates for travel are now set for 2025. The standard business mileage rate increases by 3 cents...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Taxes Due
    Posts

    Now is the time to make your estimated tax payment

    If you have not already done so, now is the time to review your taxes and make an estimated fourth-quarter...

    The Kiddie Tax - Child Credits for 2021 Gift Return
    Posts

    Leveraging kiddie tax rules

    The beginning of each year is a great time to start your tax planning. One area to help reduce your...

    Tax season scams
    Posts

    Tax season is scam season

    As a reminder, tax season is also the season for savvy criminals to initiate their scams. As you prepare to...

    Phishing scams
    Posts

    Gone phishing?

    Each year, the IRS publishes the top dozen tax scams it encounters over the prior year. Phishing makes an all-too-common...

    Common Tax Myth
    Posts

    Watch out for these tax myths

    Many myths about the IRS and the tax code have recently been amplified online. Here are common myths that could...

    tax tips for expenses in hiring family members in your small business
    Posts

    Tax planning for your business

    As 2024 winds down, here are some tax tips to help you prepare your business for filing your upcoming tax...

    Understanding Taxes 101: Prepare for Tax Day Season with year-end planning and reduction tips and techniques
    Posts

    Taxes: understanding the essentials

    Navigating the tax system can be challenging for everyone, whether you're an adult who hasn't paid much attention to paycheck...

    Changes to Tax Law Provisions for Businesses in 2025
    Posts

    The 2025 tax law uncertainty

    With the changes happening in Washington, D.C., there is now some uncertainty about what tax policies we may see in...

    Year-End Tax Savings Checklist
    Posts

    Great tax moves you can still make before the end of the year

    Conducting a year-end tax review of your financial situation can uncover opportunities to cut your tax bill or save you...

    avoid name mismatch audits
    Posts

    How to avoid name mismatch audits

    If you were married, divorced, or changed your name for any reason during the past year, you must change your...

    taxable income items reduction ideas
    Posts

    Is there a taxable income reduction idea you can use?

    Many tax experts talk about shifting your tax burden from one year to the next. While it may make sense...

    Taxable or Not Taxable?
    Posts

    What is taxable and not taxable?

    The tax code contains several areas that can confuse the taxability of money received. Some of these items may surprise...

    What Head of Household Means
    Posts

    Understanding tax terms: Head of household

    One of the most misinterpreted tax terms in the U.S. tax code is "head of household," so we're here to...

    What contemporaneous records do I need to keep? CPA preparations or compilations
    Posts

    What records do I need to keep?

    Everyone must keep records that substantiate their tax returns or other important life events for as long as necessary. So,...

    When to Start Tax Planning and Filing Your Taxes Early for Savings
    Posts

    A dozen tax planning triggers

    If you're wondering when a good time to start tax planning is, it's now. Tax planning season has begun! Those...

    Understanding tax terms for wash sales
    Posts

    Surprise! Your stock loss is not deductible

    You may be considering booking stock losses due to recent market drops. Selling can be a great strategy when these...

    Maximize the Child and Dependent Care Credit to Deduct Summer Activity Expenses
    Posts

    An option to deduct summer activity expenses

    The kids are out of school. So, now is a great time to review the rules to deduct eligible summer...

    Changes to Tax Law Provisions for Businesses in 2025
    Posts

    Take advantage before tax changes occur

    Unless Congress takes action, a number of temporary tax laws are going to expire at the end of 2025. This...

    The Homeowner Tax Break to reduce your bills, property taxes, and real estate probate costs or apply risk of depreciation recapture rules on home sale
    Posts

    This large gain exclusion creates a tax risk

    One of the more popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married...

    What to Know about Your Status of IRS Tax Refund Deadline
    Posts

    Anticipating your refund? What you should know

    If you e-file your tax return, you can generally expect to receive your refund within three weeks of the IRS...

    What does the IRS know about me? Revenue officer notices and visits from tax return filing requirements
    Posts

    IRS notices creating alarm: Here is what to know

    Beginning in April, several IRS notices began hitting mailboxes. Unfortunately, the notices are coming in cold, as the IRS is...

    Changes to Tax Law Provisions for Businesses in 2025
    Posts

    President Biden’s proposed budget highlights his tax agenda – part two

    In his proposed budget for fiscal year 2025, President Biden has included several tax provisions. These will impact individuals, families,...

    What to Know about Your Status of IRS Tax Refund Deadline
    Posts

    Oh no! Your tax refund is now a bill

    Many taxpayers start preparing their tax returns, hoping to receive a sizable refund, only to find out that their actual...

    New Tax Rules for Homeowners
    Posts

    New tax rules are creating confusion for homeowners

    Because of many home-related tax changes over the years, it can easily confuse taxpayers on what, when, and how much...

    The Paycheck Tax Tip
    Posts

    A great place to lower your taxes: your paycheck

    Here is a tip: the tax code has plenty of ways to reduce your taxable income, and many take place...

    proof of check payment
    Posts

    No check! Where’s your proof?

    Preparing to file your tax return is a great time to ensure you have proper documentation to substantiate your tax...

    The Homeowner Tax Break to reduce your bills, property taxes, and real estate probate costs or apply risk of depreciation recapture rules on home sale
    Posts

    The $500,000 homeowner tax break

    A large tax break allows a homeowner to exclude up to $250,000 ($500,000 married) in capital gains on the sale...

    Business Year-End Tax Planning to Avoid Common Missing Items When Filing
    Posts

    Review these common causes of filing delays

    Double-check this list of common missing items that often cause delays when filing your tax return and receiving your much-anticipated...

    taxable income items reduction ideas
    Posts

    Six surprising taxable items

    If something of value changes hands, you can bet the IRS will consider a way to tax it. Here are...

    When to Start Tax Planning and Filing Your Taxes Early for Savings
    Posts

    When it makes sense to file a tax return as soon as you can

    The 2024 tax season for 2023 tax returns is now officially underway. Here are several reasons to consider filing your...

    Identity Theft
    Posts

    IRS identity theft season begins now

    Thieves try to steal billions in federal withholdings each year by stealing your identity. As the IRS focuses more attention...

    2024-2025 Calendar for Tax Return Information and Tips with first quarter estimates taxes
    Posts

    2024 tax calendar

    To help you make sure you don’t miss any important 2024 deadlines, we’ve provided this calendar of when various tax-related...

    mutual fund tax surprises bring rejected tax returns via e-filing electronically filing information returns
    Posts

    There’s a new threshold for electronically filing information returns

    Does your company submit ten or more information returns to the IRS? If so, then you need to submit them...

    New log standard business mileage tax deduction rates for 2024/2025
    Posts

    New mileage rates for 2024 announced by the IRS

    Mileage rates for travel are now in place for 2024. The standard business mileage rate increases by 1.5 to 67...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Taxes Due
    Posts

    Great tax tips to start the New Year

    The old year is out, and the new one is in. Here are some tax tips to start 2024 with...

    Avoid Amending for Audits of an IRS Tax Return Audit
    Posts

    Best way to avoid an IRS audit: preparation

    An IRS audit is no fun. Some taxpayers must undergo random audits every year, but the chances of that happening...

    Understanding Taxes 101: Prepare for Tax Day Season with year-end planning and reduction tips and techniques
    Posts

    Tips for a smooth tax season

    With tax season underway, here are tips to make filing your return as stress-free as possible. Tax season tips Gather...

    What does the IRS know about me? Revenue officer notices and visits from tax return filing requirements
    Posts

    Know what the IRS knows about you

    People often wonder, "What does the IRS know about me?" It would help to discover what the IRS knows about...

    mutual fund tax surprises bring rejected tax returns via e-filing electronically filing information returns
    Posts

    Surprise! The mutual fund tax trap

    Too often, taxpayers receive tax surprises at year-end due to actions taken by mutual funds they own. What can add...

    correct your reporting online payment on 1099-Ks
    Posts

    IRS delays new reporting rule for online payment processors

    The IRS delayed a new rule that would have required an estimated 44 million taxpayers to receive tax forms from...

    Why do I need to keep good records or hire a tax professional to file a business return
    Posts

    5 strategies to cut your company’s 2023 tax bill

    Even if markets and interest rates are constantly changing as another year draws to a close, one thing is certain....

    how to reduce your 2023 income tax bill
    Posts

    Take action now to reduce your 2023 income tax bill – part two

    For many people, 2023 will be a confusing year to plan for taxes due to various issues. These include erratic...

    how to reduce your 2023 income tax bill
    Posts

    Take action now to reduce your 2023 income tax bill – part one

    For many people, 2023 will be a confusing year to plan for taxes due to various issues. These include erratic...

    2024 Cost-Of-Living Adjustment Tax and Estate Planning
    Posts

    How the 2024 cost-of-living adjustment numbers affect your year-end tax planning – part two

    The IRS released the 2024 cost-of-living adjustments for over 60 tax provisions recently. Though not as much as in the...

    2024 Cost-Of-Living Adjustment Tax and Estate Planning
    Posts

    How the 2024 cost-of-living adjustment numbers affect your year-end tax planning – part one

    The IRS released the 2024 cost-of-living adjustment numbers for over 60 tax provisions recently. Though not as much as in...

    Understanding Taxes 101: Prepare for Tax Day Season with year-end planning and reduction tips and techniques
    Posts

    Tax planning: Now more important than ever

    Thankfully, it’s not too late to try and minimize your taxes for 2023. If you haven’t scheduled a tax planning...

    The best defense for what to do when audited on audits of an IRS Tax Return Audit
    Posts

    Audit proof your deductions

    The IRS is being very public about increasing the review of tax returns. The best defense for you is to...

    IRS Letter for Penalty Relief Notices and Rebate Payments
    Posts

    Think twice about automatically paying the amount due on a notice

    Here are some quotes from IRS correspondence that serve as evidence that our national tax collection agency is not always...

    IRS tax return filing requirements to avoid court cases
    Posts

    Tax court corner: three cases, three great tips

    Here’s a brief summary of three recent tax court cases and some tips you should learn from them. Keep those...

    Moving a trust to another state qualifying for the home gain exclusion and your tax benefits
    Posts

    Your home is a bundle of tax benefits

    Many tax benefits come with owning your home. Here is a review of the most common. Tax benefits of your...

    Unused compensation reductions and employee tax-free income
    Posts

    Employee tax-free income

    Most income from your employer quickly ends up on a W-2 tax form at the end of the year. However,...

    The Homeowner Tax Break to reduce your bills, property taxes, and real estate probate costs or apply risk of depreciation recapture rules on home sale
    Posts

    Understanding tax terms: depreciation recapture

    One of the more unpleasant surprises that can hit a taxpayer occurs when you sell personal property, rental property, or...

    Understanding Taxes 101: Prepare for Tax Day Season with year-end planning and reduction tips and techniques
    Posts

    Taxes: Knowing the basics is key

    Understanding how our tax system works can be tricky for anyone. Whether you're an adult who pays little attention to...

    What is unearned income on tax forms
    Posts

    Understanding tax terms: unearned income

    The tax code uses jargon that can be confusing. One that impacts most of us is the term "unearned income."...

    Keep proper documentation to avoid rejected tax returns via e-filing
    Posts

    Save those receipts: These tips are money in your pocket

    When it comes to taking qualified deductions on your tax return, having proper documentation to prove your expenditure is a...

    Tax Tips to Avoid Late Payment Penalties when Second or Fourth Quarter Taxes Due
    Posts

    What to do if you miss a quarterly estimated tax payment

    Many taxpayers maintain their federal tax withholdings as low as possible to prevent the IRS from receiving their funds at...

    Selling property to family and what else requires a tax review for inherited IRA
    Posts

    When to call: common situations that require a tax review

    Taxes can affect many areas of your life. Some common situations may make you want to ask, "What requires a...

    What does the IRS know about me? Revenue officer notices and visits from tax return filing requirements
    Posts

    IRS ends unannounced revenue officer visits

    The IRS recently announced a major policy change that will end most unannounced revenue officer visits to taxpayers. All the...

    Essential Estate Planning Strategies for Tax beneficial savings
    Posts

    Tax-beneficial savings alternatives

    With the recent interest rate increases made by the Federal Reserve, it is time once again to actively manage your...

    Avoid Amending for Audits of an IRS Tax Return Audit
    Posts

    Amending a tax return

    There's usually an element of relief after filing your annual tax return. But what do you do if you find...

    Maximize Your HSA limits
    Posts

    2024 HSA limits

    Contribution limits for the ever-popular health savings account (HSA) are set for 2024. And inflation adjustments break through the historic...

    Plan for GST Tax or cash in on zero percent capital gains rate
    Posts

    Cash in on 0% capital gains tax rate

    While the maximum capital gain tax rate can be as high as 23.8%, most taxpayers pay 15%. But there is...

    The Homeowner Tax Break to reduce your bills, property taxes, and real estate probate costs or apply risk of depreciation recapture rules on home sale
    Posts

    Pull your property taxes back down to Earth

    Higher property tax bills have accompanied the rising market values of homes over the past several years. If your bill...

    FAQs to Prepare for Tax Day with year-end tax reduction techniques
    Posts

    Common tax questions everyone is wondering

    During tax season, there are a number of areas that generate questions. Here are five of the most tax FAQs...

    Start using your tax refund and tips for marriage planning
    Posts

    Tax tips for those getting married

    If you are newly wed, engaged to be married, or know someone ready for marriage, here are some important tax...

    What to Know about Your Status of IRS Tax Refund Deadline
    Posts

    Taxpayers may forfeit more than $1.4 billion in refunds

    The deadline for your tax refund is quickly approaching on July 17, 2023. "Time is running out for more than...

    taxation and reporting of virtual currency transactions
    Posts

    Virtual currency lands in the IRS’s crosshairs – part two

    Digital assets are regarded as property for tax purposes in the United States. Consequently, the specific tax laws that apply...

    taxation and reporting of virtual currency transactions
    Posts

    Virtual currency lands in the IRS’s crosshairs – part one

    The IRS has grown more interested in virtual currency, even if its value is still erratic. The government began Operation...

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    “RRBB,” an independent member of the Crete Professionals Alliance, is the brand name under which Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (including subsidiary entities) provide professional services. Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC (and its subsidiary entities) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. Rosenberg Rich Baker Berman, P.A. is a licensed independent CPA firm that provides attest services to its clients, and RRBB Advisors, LLC (and its subsidiary entities) provide tax and business consulting services to their clients. RRBB Advisors, LLC (including subsidiary entities) and Crete Professionals Alliance are not licensed CPA firms. The entities falling under the RRBB brand are independently owned and are not liable for the services provided by any other entity providing the services under the RRBB brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Rosenberg Rich Baker Berman, P.A. and RRBB Advisors, LLC.

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