Don and his team are outstanding. They guided us through an increasingly complex tax situation this year, without any issues. Their availability and willingness to address our questions and concerns promptly was exceptional. I would recommend Private Tax Solutions to anyone looking to optimize their tax situation and maintain peace of mind.
Nobody wants to spend their whole life looking over their shoulder, wondering if they’re going to be audited by the IRS. Luckily, there is a statute of limitations on IRS audits and tax assessments. This time period is called the Assessment Statute Expiration Date (ASED). Read More
If you run your business as a regular C corporation, beware of the accumulated earnings tax (AET). The IRS can use the AET to penalize C corporations that retain earnings in the business rather than pay them to shareholders as taxable dividends. When retaining earnings, the C corporation first pays the corporate tax of 21 percent on those earnings. Read More
Nobody wants to spend their whole life looking over their shoulder, wondering if they’re going to be audited by the IRS. Luckily, there is a statute of limitations on IRS audits and tax assessments. This time period is called the Assessment Statute Expiration Date (ASED). Read More