Morris and Associates tax relief and tax resolution services. We can help reduce the amount you owe. With the Offer in Compromise program from the IRS we can help reduce the amount you owe.
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As we approach tax year 2025, several important changes are on the horizon that taxpayers should be aware of. The IRS is making adjustments to standard deductions, tax brackets, and various credits, and these changes could impact your financial planning
Tax Deadline Extended The IRS has announced special tax relief for individuals and businesses affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia.
Corporate Alternative Minimum Tax Update The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT). The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial
U.S. Treasury Secretary Janet L. Yellen and IRS Commissioner Danny Werfel will be speaking at the IRS campus in Austin, Texas, to highlight new achievements made possible by the Inflation Reduction Act. Their focus will be on efforts to ensure
Student Loan Repayment The IRS recently issued a reminder that employers offering educational assistance programs can also use these programs to help employees pay off their student loans through December 31, 2025. While educational assistance programs have been around for
As the new school year begins, the IRS is reminding educators that the maximum deduction for classroom expenses in 2024 remains at $300. This deduction allows teachers to offset some of the money they spend out of pocket on classroom
The IRS wants to remind everyone that summer day camp expenses might help you snag the Child and Dependent Care tax credit. For many working parents, summer means finding care for their kids under 13. Day camps are a popular
As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five new warning signs being seen on incorrect claims by businesses. The new list comes from common issues the IRS compliance teams have seen
IRS Issues Warning on False “Self Employment Tax Credit” Claims Circulating on Social Media The IRS has issued a warning about misleading information spreading on social media regarding a non-existent “Self Employment Tax Credit,” which is causing taxpayers to file
Until a final federal rule is published, the IRS wants to remind everyone that marijuana is still considered a Schedule I controlled substance and falls under the limitations of the Internal Revenue Code. The classification of marijuana hasn’t changed. Taxpayers
In order to maintain a successful business, it is important to comply with all state and federal tax laws. This includes paying your payroll taxes on time and in full. What happens if you can’t pay? Can the government come
There are times when it is best for a business to file an offer and times when it is better to pursue being deemed uncollectible. In this blog post, we will explore both of these options and help you decide