Blog

Tips for Reducing Your Taxes in 2022

At Maicher CPA Pllc, we provide a full range of tax preparation services to help businesses and individuals succeed.   Intelligent tax strategies can reduce your tax bill.  Below are several tips.  Adjust Your Withholding/Estimated Tax Payments.   If you are an employee and you had a large tax bill in 2021, adjust your W-4 […]

Unable to Timely Pay IRS Taxes? What Are Your Options?

Maicher CPA Pllc provides tax services to individuals and businesses. The IRS expects taxpayers to pay timely their taxes. To ensure compliance, the IRS is empowered to impose interest/penalties on unpaid taxes along with seizing taxpayer’s wages, bank accounts, real estate and other assets. Yet, sometimes taxpayers cannot pay timely because of serious setbacks largely […]

Mixing Business with Pleasure: What Travel Expenses Are Deductible?

Maicher CPA Pllc provides a full range of tax preparation services to help businesses and individuals succeed.   Reducing your tax bill by maximizing deductions is a primary objective at Maicher.  Many of us have upcoming travel plans this summer and certain expenses resulting from business are clearly deductible.  Deductions, however, get far more complicated […]

How to Respond to an IRS Audit Notice

An IRS audit is an examination of taxpayers’ returns to verify the accuracy of information such as deductions and the reported tax.  Selection can be random as well as by computer screening.  The audit process commences with an IRS notice to the taxpayer.  Audits are unwieldy for many taxpayers and a misstep can cause unproductive […]

Red Flags Increasing the Audit Risk for Your 2021 Return

An IRS audit is a review/examination of taxpayers’ accounts and financial information to verify information is reported correctly and that the reported tax is correct.  Generally, the IRS can audit returns filed the last three years, or longer in some cases.  At Maicher CPA Pllc, we prepare tax returns designed to minimize taxes and your […]

Some Key Tax Inflation Adjustments for Tax Year 2022

At Maicher CPA Pllc, we provide a full range of tax preparation services to help businesses and individuals succeed.  Each year, the IRS provides tax inflation adjustments for numerous tax provisions.  Below are inflation adjustments for tax year 2022 concerning several key tax provisions of concern to many of our clients at Maicher CPA Pllc. […]

Some Top Tax Scams and Ways to Avoid Them

At Maicher CPA Pllc, we’re committed to helping individuals and businesses to avoid tax related scams.  What are some top scams?  What are some ways to avoid them?    Arrangements Promising Large Tax Deductions.  Beware of promises of large tax deductions particularly by promoters.  These promises often rely on abusive arrangements which will attract IRS scrutiny […]

A COVID-Related Development for 2020 Individual Tax Returns

At Maicher CPA Pllc, we provide a full range of tax services to help clients reduce taxes.  There is an important COVID-related development along with other developments affecting 2020 individual tax returns.   The IRS has extended the deadline for filing 2020 individual federal income tax returns to May 17, 2021.  This extension includes tax […]

Important Ways to Minimize Your Income Tax

At Maicher CPA Pllc, we provide a full range of tax services to help clients reduce taxes.  There are some key rules concerning deductions for the 2020 tax year which can save individual taxpayers big dollars.  Maicher guides you as to what deductions are best in your own situation and then will prepare and file […]

What Is Meant by the “Marginal Tax Rate?”

Maicher CPA Pllc provides a full range of tax preparation services to help businesses and individuals succeed.   There are some key tax terms everyone should know.  “Marginal Tax Rate” is one of them because it will help you to properly adjust your withholding taxes, or your tax estimates if you’re self- employed. What Is […]