Blog
Season’s Greetings From The Willis Firm PC
Happy New Year from the The Willis Firm PC team. For you and me both, this week can feel like a blur – trying to finish out last-minute...
What Are The Year-End Tax Moves to Make Now For Mobile, AL Business Owners?
Key TakeawaysIt is not too late to create meaningful tax savings before December 31, but the remaining moves are very...
What Happens After Mobile, AL Taxpayers Appeal IRS Decisions?
Key TakeawaysThe IRS has launched an IRS Post-Appeals Mediation (PAM) pilot program for certain unresolved Appeals cases. PAM allows a...
Big Beautiful Bill Details Mobile, AL Business Owners Might Have Missed
Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are...
What Payroll Checklist Steps Do Mobile, AL Business Owners Need to Complete Before December 31?
Key TakeawaysVerify all business and employee information early. Even small errors in EINs, addresses, or Social Security numbers can create...
Keeping IRS Settlements on Track for Mobile, AL Taxpayers
Key TakeawaysAn Offer in Compromise (OIC) isn't final until you stay compliant for a full five years from the date of acceptance. Missing a...
Can Mobile, AL Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct...
Mobile, AL Small Business Holiday Expenses: What Can I Deduct On Taxes?
Key TakeawaysCompany-wide holiday parties for employees are generally 100% deductible, as long as they’re not exclusive to owners or...
Streamlined Installment Agreement: A Tax Debt Repayment Option for Mobile, AL Owers
Key Takeaways The Streamlined Installment Agreement (SIA) is an ideal option for paying back taxes to the IRS… IF you owe $50,000 or...