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Posted by: Charles P Myrick CPA Posted on: Nov 25 2022

Fight Inflation by Getting Back to Budgeting Basics

You don't have to listen to the news to know that each paycheck seems to disappear faster than ever these days. Inflation affects every aspect of life, such as grocery shopping, commuting, air travel - nothing is left untouched. One of the most effective tools available to counter the effects of the rise in prices and decline in the value of money is a household budget. Here’s some ways you can fight inflation by getting back to budgeting basics.

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Posted by: Charles P Myrick CPA Posted on: Nov 17 2022

Making Smart Moves in Inflationary Times: Year-End Tax Planning

It’s already that time of year again, leading up to the holidays. The kids are back in school, summer fun is just a memory, and it’s time for a strategic huddle with your tax planner. This year, in particular, has been a wild ride in terms of inflation and the cost of living, and most everyone is looking for ways to lessen the sting of rising costs and create a plan for whatever 2023 may have in store.

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Posted by: Charles P Myrick CPA Posted on: Nov 07 2022

You've Made Myrick CPA a Winner...Again!

In September, we invited you to vote for Myrick CPA in Washington City Paper's 2022 Best of DC contest, and you did!

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Posted by: Charles P Myrick CPA Posted on: Oct 20 2022

Tax Credit for New and Used Electric Vehicles: What Will Qualify?

The new Clean Vehicle Credit, a federal tax credit to make new and used electric vehicles - EVs - more accessible and affordable, may be confusing. Here, we will discuss some highlights of this tax credit that can also be used as a rebate when purchasing certain electric or plug-in hybrid vehicles.

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Posted by: Charles P Myrick CPA Posted on: Oct 03 2022

Short-Term Home Rental and Taxes: What to Know

While short-term home rental may be a relatively easy source of income to offset the cost of owning more than one home, homeowners considering this as an investment strategy would do well to understand the ups and downs of short-term home rental and taxes.

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Posted by: Charles P Myrick CPA Posted on: Aug 26 2022

Are You Doing Everything You Can to Lower Next Year's Tax Bill?

Three kinds of people are doing their taxes incorrectly: those waiting for a refund, those dreading owing as much as the year prior, and those who have no clue what their taxes will look like once the dust settles. If your taxes are anything other than zero, it is time to sit down with a Certified Public Accountant (CPA) and start tax planning for next year.

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Posted by: Charles P Myrick CPA Posted on: Jul 07 2022

An Upsurge in Erroneous IRS Balance Due Notifications?

Tax professionals across the country recently reported a surge in mistaken IRS balance due notices, as well as cases of failures to post payments made to taxpayer's accounts. The IRS is currently studying how widespread these cases are and the best options to address them. Here's what you can do if you've received one.

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Posted by: Charles P Myrick CPA Posted on: Jun 09 2022

Do You Need Help Dealing With an Overdue Tax Bill?

Don't spend time worrying about overdue taxes. Instead, take action. Do you owe less than $10,000? If so, your best bet might be to read about your options below. But if your tax bill is larger, for example, more than $10,000, then that is the time to contact us. We're specialists in tax resolution. We can explore if you qualify for options such as debt forgiveness and can even lift the burden off you of dealing with the IRS to negotiate a solution on your behalf.

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Posted by: Myrick CPA Posted on: May 26 2022

Wondering Where Your Tax Refund Is?

We are now almost six weeks from the tax filing date of April 18, and some of you might be wondering where your tax refunds are. Here are some helpful suggestions about how to check on your refund.

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Posted by: Charles P Myrick CPA Posted on: Apr 28 2022

Why Should I Have Life Insurance? Do I Really Need It?

When you're starting out - new careers, new location, new relationships - you probably get lots of advice about planning for your future. Sure, you're fully engaged in budgeting your income and thinking about lifestyle priorities. Still, it's a good idea to start working with a financial advisor to develop your long-term financial plan.

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