Contemporary Tax Specialists LLC

05/29/2026

Underreported income and math errors are key mistakes that can trigger an audit from the IRS. Having your taxes prepared by a professional can significantly reduce this risk.

The IRS is constantly looking for a reason to audit you. There are several red flags that can identify your tax return as one that needs additional attention. Knowing these indicators can help you avoid the unwanted scrutiny.

05/22/2026

There's still time to lower your tax obligation. Here are five great ideas to consider.

Now is a great time to assess your current tax situation and address any lingering tax questions that may improve your tax picture this year. Here are five things to consider.

05/21/2026

Most taxpayers don’t realize there’s IRS activity until a letter arrives in the mail. We help monitor changes in your IRS account so action can be taken early, before stress sets in. Peace of mind starts with preparation. Schedule a consult with us today.

05/20/2026

Tax penalties and interest continue to grow until an issue is resolved. Acting sooner often means more flexibility and better outcomes. We work with you to find realistic solutions that move you forward. Contact us today for a consult.

05/15/2026

The gift tax is one of the most misunderstood provisions in the tax code. Here is what you need to know.

Presenting a gift to a grandchild does not normally have us thinking about the taxes. However, if not careful, the over-generous gift giver could end up with a surprise tax bill and a note from the IRS.

05/08/2026

You can legally lower your taxes by shifting a certain amount of unearned income to your children. Here are some ideas to implement this strategy.

The progressive nature of income tax rates offers taxpayers the incentive to transfer assets to lower earning taxpayers. Why not your children? Here are some tips.

05/06/2026

Want a lower tax bill? Your tax planning needs to start now!

With so much uncertainty in the economy, the tendency is to step back and wait until things settle down. On the other hand the early bird catches the worm. Now is a great time to be thinking about steps to reduce your tax obligations, both this year and into the future. This month an article is pres...

05/01/2026

In a world of digital payments, how do you prove your tax deductions? Here are some tips.

Very few banks return your canceled checks. So what do you need to do if required by the IRS to prove your deductions? This often means staying ahead of the game at year end.

04/30/2026

Back taxes don’t fix themselves - interest and penalties add up month after month. But the good news? The IRS offers multiple paths to relief when you act early. Whether you're behind one year or several, we can help you find the most realistic and affordable solution.

04/29/2026

If an IRS notice shows up, timing matters. Responding quickly can protect your rights, reduce penalties, and prevent enforced collection actions. If you’re not sure what the notice means, or what to do next, our team can step in, decode the IRS language, and guide your next move.

04/28/2026

Unfiled returns can lead to penalties, lost refunds, and IRS enforcement, but filing late is always better than not filing at all.
Whether you missed one year or many, we can help you file accurately and get back into compliance step-by-step.