What to Do if Your Business is Audited
You found out that your business is being audited. It can strike fear in your heart. Learn what a tax audit entails, how to work with the IRS, and get through the process.
Insights
New and Previously Owned Clean Vehicle Credits
On April 16, 2024, the IRS revised frequently asked questions for the new and previously owned clean vehicle credits.
2024 First Quarter Estimated Tax Payments
The first quarter estimated tax payment for tax year 2024 is due April 15. Estimated payments apply to self-employed individuals, retirees, investors, businesses, and corporations.
Business Tax Records
When operating an Arizona business, in addition to the industry, the services or products that you offer will affect the records you retain. What records does the IRS expect you to retain? How should you record and organize your business-related costs and revenue?
Proposed Regulations Reporting Digital Assets
As evidenced by recently issued proposed regulations, the IRS is increasingly scrutinizing digital assets.
Appealing an IRS Decision
You have the right as a taxpayer to appeal an IRS decision in an independent forum. Learn more about your rights regarding IRS decision appeals.
2024 GCU Spring Meet the Firms
Wallace Plese + Dreher attended Grand Canyon University (GCU), Colangelo College of Business, Meet the Firms, on February 6, 2024. The Firm’s recruiting team, Nathan Nicholes and Nate Salazar, attended the event.
Meet Wallace Plese + Dreher’s Tax Interns
Wallace Plese + Dreher welcomes tax interns Kitana Apante, Erica Masuyama, and Ryan Xie.
IRS Resuming Collections
The government gave taxpayers a break during the pandemic and paused sending collection notices. Collection notices are resuming in 2024.
Hannah J. Oglesby, CPA, CFP®Elected to Partner
Wallace Plese + Dreher (WP+D) elected Hannah J. Oglesby, CPA, CFP® to partner, effective January 1, 2024, bringing the Firm’s total partners to ten.
2024 Wallace Plese + Dreher Promotes Employees
Effective January 1, 2024, Wallace Plese + Dreher promoted several employees with diverse backgrounds and experience.
2024 FSA Contribution Limit Increases
For 2024, there is a $150 increase to the Flexible Spending Account (FSA) contribution limit. Throughout the year, taxpayers can use FSA funds for qualified medical expenses not covered by their health plan.