Don’t Panic: How to Handle an IRS Notice with Blue Ocean Tax Advisors

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Receiving a notice from the IRS can be nerve-wracking. You open your mail and there it is: a letter with the IRS logo at the top. Before you spiral into worry, take a deep breath and know this—receiving a notice is actually a very common practice. At Blue Ocean Tax Advisors, we’re here to guide […]

Facing IRS Debt? Here’s How Blue Ocean Tax Advisors Can Help You Navigate the Waters

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Finding out you owe money to the IRS can be overwhelming. The dread of tax debt can make you feel adrift in a stormy sea with no clear way to shore. The good news is, there are many ways to resolve your IRS debt, and you’re not alone in this journey. Blue Ocean Tax Advisors […]

How to Handle 1099 Contractors for LLCs vs. S Corps: Key Differences and Tips

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When it comes to managing 1099 contractors, the way you handle them can vary depending on the type of business structure you have—whether it’s a Limited Liability Company (LLC) or an S Corporation (S Corp). Understanding the distinctions and requirements between these two entities is crucial for staying compliant with tax laws and avoiding potential […]

Maximize Your Savings with End-of-Year Tax Planning Tips from Blue Ocean Tax Advisors

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The end of the year is the perfect time to review your finances and make strategic moves to reduce your tax burden. At Blue Ocean Tax Advisors, we specialize in helping individuals and small businesses take advantage of every opportunity to save money on taxes. With 2024 coming to a close, here are some practical […]

Blueprint for Tax Success in 2024: Get Ahead with Blue Ocean Tax Advisors

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As the calendar flips into 2024, it’s the perfect time to chart your course for a smooth and successful tax season. Whether you’re a small business owner juggling multiple priorities or an individual aiming to maximize your refund, proactive tax planning is your secret weapon. At Blue Ocean Tax Advisors, we specialize in turning tax […]