Blog & Articles

Many people think tax prep and tax planning are the same thing—but that confusion can cost thousands of dollars. The truth is: tax preparation is backward-looking. Tax projections are forward-thinking. And the difference between the

When tax season hits, many people instinctively head to the nearest storefront tax shop, thinking fast equals effective. But what they often experience is a rushed process, minimal support, and inflated fees for basic service.

If you own a U.S. corporation and you’re a foreign national or part of a foreign-owned business, there’s one form that could quietly cost you $25,000 if you miss it: IRS Form 5472. At Polaris

It starts with a white envelope from the IRS—and suddenly, your heart drops. Whether it’s a CP2000, a notice of unpaid taxes, or a letter demanding immediate action, IRS correspondence can be confusing and scary.

Tax season is over—and if you’ve found yourself staring at a tax bill you can’t pay, take a deep breath. You’re not alone, and the IRS actually has options to help you resolve the situation

If you’re a foreign-owned U.S. corporation—or represent one—you likely already know that your IRS filing requirements are more complex than the average business. But what happens when your tax preparer fails to tell you that?

If something about your tax return doesn’t sit right—or your gut tells you something was missed—you’re probably not wrong. Each year, we work with clients across Plantation, Fort Lauderdale, and South Florida who discover costly

If you’ve been impacted by a hurricane, flood, wildfire, or other major disaster, the IRS may offer more relief than you think. Whether you’re in Florida or elsewhere, federally declared disaster zones unlock a variety

Running a business through a corporation has tax perks—but only if you play by the rules. One of the most overlooked? Properly reimbursing yourself for business expenses. At Polaris Tax & Accounting, we regularly help

If you’re self-employed with no employees, you’ve got a golden opportunity to reduce your tax liability and build serious retirement wealth—if you act before filing your 2024 return. Too many freelancers, consultants, and one-person S

If you bought a 2022 Tesla Model X (or similar SUV) and claimed 100% bonus depreciation—you’re not alone. And if the IRS tries to disallow your deduction, here’s how to fight back. The IRS has

When disaster strikes—wildfires, floods, hurricanes—tax relief might be the last thing on your mind. But understanding how to deduct personal disaster losses can save you thousands. If you’re a Florida resident or impacted by recent

If you're 70 1/2 or older with a traditional IRA, there's a tax-saving strategy the IRS doesn’t advertise—but we will: the Qualified Charitable Distribution (QCD). Starting at age 73, you’re required to take minimum distributions

Trying to get more money into a Roth IRA but blocked by income limits? You’ve probably heard of the backdoor Roth—but is it safe? Backdoor Roth IRA conversions have become a popular strategy for high-income

Trying to get more money into a Roth IRA but blocked by income limits? You’ve probably heard of the backdoor Roth—but is it safe? Backdoor Roth IRA conversions have become a popular strategy for high-income