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Filing Back Taxes: Questions & Answers
Falling behind on tax filings can feel overwhelming, but understanding your options is the first step toward regaining control. Whether you have unfiled returns from recent years or have not filed for quite some time, the IRS has specific compliance expectations, deadlines, and enforcement procedures that taxpayers should understand before taking action.
What to Do If Your W-2 or 1099 Is Wrong (And How to Fix It Quickly)
Tax season is stressful enough without discovering an error on a critical tax document. If you receive a W-2 or 1099 and notice something does not look right, it is natural to feel concerned. Fortunately, these issues are more common than many taxpayers realize, and in most cases, they can be resolved efficiently with the right approach and timely W-2 correction help.
The 529 Evolution—More Than Just a College Fund
Many families initially dismiss 529 plans because contributions do not generate an immediate federal income tax deduction. When compared to strategies that reduce this year’s tax liability, a 529 plan can appear less compelling at first glance. As a result, it is often misunderstood or overlooked in broader financial planning discussions.
Payroll Tips for Small Businesses: The Difference Between W2 and 1099
Small business growth often introduces complexity that is easy to underestimate, especially when it comes to payroll. Hiring additional help, engaging contractors, or expanding services can unintentionally expose your business to compliance risks if workers are misclassified. What starts as a practical decision can quickly become a regulatory issue with tax, penalty, and reporting consequences.
Tariff Taxes and Your Financial Statements: Year-End Accounting Considerations (and Why They Matter)
Why Tariff Accounting & Reporting Matters Areas Most Affected by Tariffs Practical Year-End Checklist About Community CPA Tariffs are not a new policy tool, but
Hiring: Staff Accountant
Position Summary Community CPA is seeking a Staff Accountant on the CPA track who is ready to grow beyond transactional work and develop into a
Year End Tax-Loss Harvesting: Don’t Leave Money on the Table
Tax-Havesting: What, Who, and Why A Simple Year-End Tax Planning Process Common Mistakes and Checklist About Community CPA As the year comes to a close,
Small Business Grants & “Free Money” in 2025: What Entrepreneurs Need to Know
Understanding Small Business Grants Federal and State Grants Private, Corporate, and Nonprofit Grants About Community CPA For many small business owners, the search for grants,
Ways to Reduce Tax Liability: Year End Tax Planning Strategies for 2025
Individual Tax Planning Strategies Individuals: Changes from the OBBBA Business Tax Planning Strategies About Community CPA As 2025 is quickly coming to a close, individuals
Avoiding Late Fees & Penalties: Everything You Need to Know About the Deadline for Tax Extensions
What an Extension Really Means Individuals and C-Corporations Working with a CPA and Looking Ahead About Community CPA If you filed for an extension earlier
Upcoming Webinars
Deducción de los gastos de oficina en casa / [Spanish] Home Office Deductions
Date: 03-10-2023 at 3PM (CT)
Como propietario de un negocio, es común que partes de su hogar funcionen con sus operaciones comerciales. Si este es su caso, la deducción de la oficina en el hogar permite a los contribuyentes calificados deducir ciertos gastos del hogar cuando declaran impuestos. Pero, ¿cómo funciona esto? ¿Cuáles son los límites de lo que puedo deducir como gasto comercial? Si tiene estas preguntas, únase a Community CPA hoy en un seminario web para averiguar qué se puede deducir y cómo puede deducirlo.
Register for Deducción de los gastos de oficina en casa / [Spanish] Home Office Deductions
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Appointment with Ying @ 8am: Starting Up a Business
Appointment with Ying @ 8am is an easy-to-read, story-driven business manual designed which offers readers who are new to business a merciful way to view themselves: as business immigrants. When moving to a new country, it takes time to learn the host country's language. When starting a business, the language barrier can compound simple confusion into fear and even immobility. The author, Ying Sa, is a CPA who learned how to do business while acclimating as an immigrant to the United States.
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