Blog

in the news

Stories tagged as "in the news"


#

​Late Tax Filers Get Some IRS Relief

Sep 7, 2022, 10:11 AM

If you filed certain forms late for the 2019 and 2020 tax years, the IRS might have some good news for you.
View Details
#

Will Student Loan Forgiveness Affect Your Taxes?

Aug 25, 2022, 10:32 AM

Student loan forgiveness is again a hot topic of discussion. So, if you’re eligible for forgiveness, will your taxes take a hit?
View Details
#

​What Does the Latest Federal Legislation Mean for Your Taxes?

Aug 15, 2022, 7:12 AM

“The Inflation Reduction Act of 2022” or the “Reconciliation Tax and Spending Bill” or the “Build Back Better Bill” — no matter what you call it, it has some important tax implications. Our quick explainer hits the highlights for you.
View Details
#

​Alert: IRS says it sent wrong balance-due notices

Aug 4, 2022, 7:47 AM

The IRS admitted that some taxpayers are getting inaccurate balance-due letters, referred to as CP-14 notices.
View Details
#

Tax Rules for Renting Your Vacation Home

Jul 28, 2022, 9:51 AM

​For those in the Black Hills of South Dakota, the Sturgis Motorcycle Rally is fast approaching. That means the area’s highways and byways will soon be roaring. And for some residents, it means it’s time to rent out their vacation homes or second homes. Depending on the length of those rentals, there could be tax implications.
View Details
#

​Does Your School, Nonprofit, or Government Entity Need a Single Audit?

Jul 22, 2022, 3:53 AM

If your nonprofit or government organization spent $750,000 or more in federal funds, you probably need a single audit.
View Details
#

​What You Need To Know About Verification Letters from the IRS

Jul 11, 2022, 10:58 AM

There’s been a lot of confusion lately about identity verification letters many people in the area have been getting from the IRS. Are they legitimate letters or some kind of scam? If they are legitimate, what should you do if you get a letter?
View Details
#

​Tax Benefits of Passive Losses and Like-Kind Property Exchange

Jul 11, 2022, 9:01 AM

Learning about passive losses and like-kind property exchange isn’t for everyone. But there can be some real benefits once you understand how they can play into your overall tax situation.
View Details
#

​5 Options If You Get an IRS Balance-Due Notice

Jun 24, 2022, 6:15 AM

If you’ve gotten a balance-due notice from the IRS, you’re not alone. Since the agency has started getting caught up in its backlog of returns, correspondence, and other items, it’s ramping up its collection letters again. You’ve got about five options when it comes to a balance-due notice.
View Details
#

​Bear Scare: Bad Stock Market Might be a Good Time for a Roth IRA Conversion

Jun 23, 2022, 8:06 AM

Ever considered a Roth IRA conversion but didn’t want the hefty tax bill? Well, if there’s any upside to a down market, making that switch now could reduce that tax bite.
View Details

DON'T LIKE NUMBERS? WE DO.

At Casey Peterson, LTD, we understand not everyone loves the complexities of accounting like we do. That's what sets us apart from the rest. Our CPAs, accountants, and financial advisors truly love numbers, solving problems, and creating business and financial strategies for our clients.

We’re looking for clients who believe in good customer service — clients who want CPAs, accountants, and financial advisors who are big-picture thinkers and ethical problem solvers. We’re looking for relationships, not transactions.

If you want the same, we should talk.

Contact Us