Newsletter – June 08, 2022

 


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Can an IRS Offer in Compromise Help You?

It can be possible to settle your tax debt for less than you owe, but you have to know how the system works. If you’re suffering from financial hardship, click through to learn how to take advantage of an IRS program.






Student Loans — Your Options

Need money for college? Loans are available, but your options can get confusing. Which programs are out there, and are they right for you? Click through to learn about borrowing options so you can make informed choices about financing college.


The Tax Implications of Closing a Business

There are many things you must do when you close a business. One is to make things right with the IRS. Click through for an overview of your tax responsibilities as a business owner when you’re ready to move on.






Know the Difference Between Cash and Accrual

You know that an accurate account of expenses is vital to keeping your business in the black, but there’s more than one way to keep your accounts. Click through to learn the pros and cons of the two most common accounting methods.

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Our firm provides the information in this e-newsletter for general guidance only,
and does not constitute the provision of legal advice, tax advice, accounting services,
investment advice, or professional consulting of any kind. The information provided herein should not be
used as a substitute for consultation with professional tax, accounting, legal, or other competent
advisers. Before making any decision or taking any action, you should consult a professional adviser who
has been provided with all pertinent facts relevant to your particular situation. Tax articles in this
e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of
avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided
“as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information,
and without warranty of any kind, express or implied, including but not limited to warranties of
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