One Stop Tax Strategists

Most people assume the IRS only takes. Turns out, there's a window right now where they might have to give some back... and it closes in less than two months. A recent federal court ruling suggests that most tax filing and payment deadlines were automatically extended during the COVID-19 pandemic. Which means the penalties and interest the IRS charged you for "late" filings or payments between January 20, 2020 and July 10, 2023 may never have been legally owed. The IRS isn't going to call you...

Overpaying in taxes isn’t always obvious. This post breaks down why it happens and how a simple 3–5 minute assessment can reveal whether you’re leaving money on the table.

One of the most common questions business owners ask is: “Should I switch from an LLC to an S-Corp?” It’s a great question, and also one of the most misunderstood tax decisions out there. An S-Corp can create real tax savings in the right situation. But done too early, too late, or without knowing the rules, it can actually increase costs, complexity, and audit risk . Let’s break this down clearly. First: LLC vs. S-Corp Isn’t What Most People Think This is where most myths start. LLC is a...