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So far OHara Company has created 14 blog entries.

Private IRS Debt Collectors

You may have heard the adage “The IRS will never call you”, commonly shared among taxpayers to help distance friends and loved-ones from telephone scammers. While it is always wise to be extra careful with anyone claiming to be contacting you on behalf of the IRS, the line has recently become a little more blurred. The Internal Revenue Service has begun a new private collection program of certain overdue federal tax [...]

By |2017-11-21T13:22:39-05:00June 1st, 2017|IRS Representation, Tax Services|Comments Off on Private IRS Debt Collectors

Important Facts about Filing Late and Paying Penalties

April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty if they file a late tax return. Taxpayers who owe tax, and failed to file and pay on time, will most likely owe interest and penalties on the tax they pay late. To keep interest and penalties [...]

By |2017-11-21T13:12:29-05:00June 1st, 2017|Tax Returns, Tax Services|Comments Off on Important Facts about Filing Late and Paying Penalties

Hobby or Business?

Taxpayers must report on their tax return the income earned from hobbies. The rules for how to report the income and expenses depend on whether the activity is a hobby or a business. There are special rules and limits for deductions taxpayers can claim for hobbies. Here are four tax tips to consider: Is it a Business or a Hobby?  A key feature of a business is that people [...]

By |2017-11-30T13:02:07-05:00May 22nd, 2017|Business Services, Tax Returns|Comments Off on Hobby or Business?

Hurricane Preparedness Tips for Taxpayers

Don’t Forget to Update Emergency Plans Because a disaster can strike any time, be sure to review emergency plans annually. Personal and business situations change over time, as do preparedness needs. When employers hire new employees or when a company or organization changes functions, they should update plans accordingly and inform employees of the changes. Make plans ahead of time and be sure to practice them. Create Electronic [...]

By |2017-11-21T13:11:11-05:00May 20th, 2017|Tax Tips|Comments Off on Hurricane Preparedness Tips for Taxpayers
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