Articles Posted in Federal Taxation

On Dec. 5, 2023, our founder Charles R. Frazier was admitted to practice before the US Supreme Court during the 38th annual Tennessee Bar Association Academy. A group of nine attorneys from Tennessee traveled to Washington, D.C. for the swearing in ceremony. “Swearing the legal oath of practice before the highest court in our nation…

What to Do If Your CPA Doesn’t File Your Taxes On Time: A Guide for Taxpayers MIDLAND, Michigan – Every year, millions of individuals and businesses rely on Tax Preparers, Enrolled Agents (EAs), and Certified Public Accountants (CPAs) to prepare and file their tax returns. While many tax professionals provide reliable services, there are occasions…

The Internal Revenue Service (IRS) has initiated a withdrawal option for small businesses and organizations concerned about the accuracy of their Employee Retention Credit (ERC) claims. This measure comes as part of the agency’s broader initiative to shield these entities from potential scams. It is essential that claims for Employee Retention Credits be made by…

The IRS published the following article IR-2023-185 on October 5, 2023: WASHINGTON — The Internal Revenue Service today warned taxpayers to watch for promotions involving exaggerated art donation deductions that can target high-income filers and offered special tips for people to use to avoid getting caught in a scheme. There are ways for taxpayers to…

DETROIT (AP) — Starting next year, people who want to buy a new or used electric or plug-in hybrid vehicle will be able to get U.S. government income tax credits at the time of purchase. Eligible buyers, including those that bought an EV or hybrid this year, have had to wait until they filed their…

NASHVILLE, Tenn; MIDLAND, Michigan – With the complexity of tax regulations and the potential financial implications for businesses, experts are emphasizing the critical importance of tax planning consultations for all business owners. Here’s why scheduling one should be on every entrepreneur’s to-do list. You can schedule your tax planning consultation today by calling (615) 267-0125…

FRAZIER LAW FIRM EXPANDS ITS service offerings in Michigan MIDLAND, Mich. – The Law Offices of Charles R. Frazier has expanded its practice in the Great Lakes Bay market to now include estate planning, elder law and business succession planning services. Adding to its existing tax planning, compliance and controversy services, the firm is now…

MIDLAND, Michigan — Taxpayers are reminded that the extended tax filing deadline is swiftly approaching on October 16th. Those who requested an extension earlier this year must submit their completed tax returns by this date to avoid late-filing penalties. The October 16th deadline applies to taxpayers who requested a six-month extension to file their 2022…

The Internal Revenue Service (IRS) has announced a temporary moratorium on the processing of new Employee Retention Tax Credit (ERTC) applications. The decision comes amid a surge in applications and concerns about potential fraud, necessitating the pause to allow the IRS to review and streamline its verification procedures. The ERTC, initially implemented as a response…

The IRS has been slowly digging out of the Covid pandemic backlog of unprocessed tax returns and in recent months, the IRS has announced its intention to begin normal collection activities for taxpayers with unpaid tax balances. So, what should you do if you owe money to the IRS? I can answer that question in…