Understanding Exclusions and Exemptions for Debt Cancellation: What You Need to Know?
Debt cancellation can be a significant financial relief, but it often comes with complex tax implications. If you’ve had debt forgiven, you may need to report it as taxable income to the IRS. However, certain exclusions and exemptions can help you avoid paying taxes on canceled debt. At Alexis Robins Tax and Accounting Firm in […]
Debt Cancellation: What You Need to Know and How Alexis Robins Can Help
Debt cancellation can provide much-needed financial relief, but it also comes with specific tax obligations. If you’ve recently had a portion of your debt forgiven or are considering debt relief options, understanding the associated tax requirements is essential. At Alexis Robins Tax and Accounting Firm, based in Brooklyn, New York, we specialize in helping individuals […]
Important Information for Clients Claiming the Electric Vehicle (EV) Tax Credit
As the shift towards sustainable transportation accelerates, electric vehicle (EVs) are becoming increasingly popular among consumers. Not only do they contribute to environmental sustainability, but they also come with potential financial benefits through the Electric Vehicle (EVs) Tax Credit. At Alexis Robins, tax and accounting firm in Brooklyn, NYC, we want to ensure you’re well-informed […]
Save upto 30% with Tax Credits from the Inflation Reduction Act
If you’re considering a clean vehicle, the Inflation Reduction Act (IRA) offers several tax credits that can help you save money. These incentives are designed for both individuals and businesses, making it easier to transition to more sustainable transportation options. Whether you’re searching for an “accountant near me” or need help navigating tax credits, understanding […]
Maximize Your Tax Savings with IRS Free File: A Guide from Alexis Robins
As tax season approaches, many taxpayers are looking for affordable ways to file their returns. If you’re one of them, the IRS Free File Program is an excellent option to consider. This public-private partnership allows eligible individuals to prepare and submit their federal income tax returns online for free. At Alexis Robins, your trusted tax […]
Understanding How the IRS Contacts Tax Payers: A Quick Guide
Navigating communications from the IRS can be daunting. It’s crucial to know how the IRS reaches out to taxpayers and how to confirm that contact is legitimate. Here’s a concise breakdown of what to expect.Howthe IRS Initiates Contact
Take Advantage of the IRS ERC Voluntary Disclosure Program: How Alexis Robins Can Help Your Business Before the November 22 Deadline
The IRS has reopened its Employee Retention Credit (ERC) Voluntary Disclosure Program,targeting businesses that may have made erroneous claims. With over $1 billion in problematic ERCfilings, the IRS is taking swift action, including sending up to 30,000 letters to businesses across the country. This comes as part of a broader effort to ensure compliance and […]
Welcome to Alexis Robins: Your Premier Destination for Expert Tax Accounting Services
Welcome to Alexis Robins, where we are excited to begin this journey of sharing valuable insights, updates, and expert advice on tax accounting. As we launch this first blog entry, we want to introduce you to whoweare, what wedo, andwhyAlexis Robins stands out as the leading choice for top-tier tax accounting services. About Alexis Robins: […]
