CPA vs Tax Preparer

As April approaches, you may be considering extending your tax return. While many people tend to shy away from filing for an extension, the truth is that there are a lot of benefits to extending your...

What is worse than an IRS audit? An IRS audit that you didn’t see coming! We recently launched our IRS Account Monitoring Service that allows us to pull transcripts and receive notification of exams...

Happy Thanksgiving! During this special season, we’ve been thinking a lot about all the things we’re grateful for here at MBG…and it was a really long list. We thought you would be thankful that...

It’s that time of year! Teachers are diligently preparing their classrooms and parents are gathering school supplies as students are headed back to school. I think we can agree that next level...

Is inheritance taxable, or do you have to pay taxes on an inheritance? The short answer is: YES. Your inheritance is taxable in two ways: estate tax and inheritance tax. But, you're only required to...

Every year, millions of Americans file their tax returns. And, every year, thousands of them miss out on valuable tax breaks and never even know about them. Here at the MB Group, we want every client...

Whether you're just getting started, entering a period of growth, or looking to streamline processes, technology should be a critical component of your strategy. And if you're looking to purchase new...

If you're a contractor, freelancer, or business owner, you've more than likely heard of the 1099 form as a part of your tax planning. However, 1099 form definition can take on a unique meaning based...

At the MB Group, one of the most common questions we receive during tax preparation is whether a business owner or individual should choose standard vs itemized deductions on their tax returns. The...