New IRS Standard Deductions for 2025 Tax Year
The Internal Revenue Service (IRS) announced on Tuesday new inflation-adjusted tax brackets for 2025. The IRS also revealed an increase in the standard deduction to $15,000 for single filers and $30,000 for married couples. These changes will apply to income earned in 2025 and reported on tax returns filed in 2026. While the marginal tax […]
Understanding IRS Notice CP21A: What You Need to Know
Receiving letters from the IRS regarding changes to your tax return can be unexpected. IRS Notice CP21A is a letter explaining that changes were made to your tax return, and you owe money. This guide will explain IRS Notice CP21A in detail, providing insights into its implications and offering guidance on how to address the […]
Understanding IRS Notice 12C: What You Need to Know
If you’ve recently received IRS Notice 12C, here’s what you need to know. Taxpayers receive IRS Notice 12C when further details are needed for tax return processing. This guide aims to clarify IRS Notice 12C, outlining what it entails and providing guidance on how to respond effectively. What is IRS Notice 12C? IRS Notice 12C […]
Understanding IRS Notice 3174: What You Need to Know
Getting letters from the IRS about unpaid taxes can cause worry and stress for taxpayers. Understanding what the letter means, and what to steps to take next can go a long way to alleviate that stress. IRS Notice 3174 serves as a reminder to individuals with outstanding tax liabilities. This guide will help you understand […]
Understanding IRS Notice CP01: Safeguarding Your Identity
Receiving any letter from the Internal Revenue Service (IRS) can be a cause for concern. IRS Letters concerning potential identity issues can evoke even more uncertainty. One of the notices the IRS may send in such circumstances is Notice CP01. This guide explains IRS Notice CP01, its importance, and the steps you should take to […]
Understanding IRS Notice 2272C: What You Need to Know
Receiving a notice or letter from the IRS about your tax payments can be concerning. If you’ve received IRS Notice 2272C, this guide is here to help you understand what you need to do next. What is IRS Notice 2272C? IRS Notice 2272C is a notification sent to individuals regarding the denial of their request […]
Understanding IRS Tax Letter 4281C: What You Need to Know
Understanding IRS Tax Letter 4281C: What You Need to Know Getting any letter from the IRS can be worrying, Since IRS Tax Letter 4281C is a notice that deals with your personal information, it can be especially stressful to find it in your mailbox. This guide will explain IRS Tax Letter 4281C. We aim to […]
Tax Season 2023 – Important Dates & Deadlines
The 2023 tax season is upon us, and our Wichita and Denver CPA’s and tax accountants are ready and rearing to help you and your business navigate it. For many people, tax season is the most stressful time of the year. We get it. However, as Denver’s premiere tax services firm, we also know that […]
Navigating IRS Shutdowns: What You Need to Know
As a tax consulting firm committed to providing valuable insights into the ever-evolving world of taxation, we believe in keeping you informed about the latest developments that could impact your financial well-being. Let’s discuss the recent revelation regarding the Internal Revenue Service (IRS) and its preparations for a government shutdown. IRS Faces Unexpected Challenges The […]