A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. Here are some things that homeowners should think about when selling a home:...
Accounting Industry Insights
Issue Number: Where’s My Refund?
Here is a video tax tip from the IRS: Where’s My Refund? English | Spanish | ASL | Chinese | Vietnamese Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL. www.youtube.com/irsvideos...
Issue Number: Tax Tip 2022-62: Taxpayers should open and carefully read any mail from the IRS
The IRS mails letters or notices to taxpayers for a variety of reasons including: • They have a balance due. • They are due a larger or smaller refund. • The agency has a question about their tax return. • They need to verify identity. • The agency needs additional...
Issue Number: IR-2022-11: National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays
WASHINGTON — National Taxpayer Advocate Erin M. Collins today released her 2021 Annual Report to Congress, calling calendar year 2021 “the most challenging year taxpayers and tax professionals have ever experienced.” The report says tens of millions of taxpayers...
Issue Number: Tax Tip 2022-07: Taxpayers must report gig economy earnings when filing taxes
Taxpayers must report gig economy earnings when filing taxes Whether it’s a full-time job or just a side hustle, taxpayers must report gig economy earnings on their tax return. Understanding how gig work can affect taxes may sound complicated but, it doesn’t have to...
Issue Number: IR-2022-03: IRS reminder to many: Make final 2021 quarterly tax payment by Jan. 18; avoid surprise tax bill, possible penalty
WASHINGTON − The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes. Taxpayers who paid too little tax during 2021 can still avoid a surprise tax-time bill and possible...

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Specialized Company
We specialize in audit, accounting and taxes for individuals, companies, non-profit entities, and homeowner's associations.
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We are known for a straightforward personal approach and customized solutions to meet the evolving issues clients face.
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We are part of the successor to a long established local accounting firm which has served its clients in Prescott for more than 35 years.
We service all of Yavapai County including Prescott, Prescott Valley, Dewey, Chino Valley, Verde Valley, Flagstaff and Sedona.