Summer has always been a season of long days, sunshine, and (for many of us) a slower rhythm—but at MKHS Tax Group, this summer has taken...

One of the first decisions new business owners face is how to structure their business. The choice between a sole proprietorship, LLC, S...

Wondering if you can claim your child, niece, parent—or even a roommate—as a dependent on your tax return? You’re not alone! Here’s a...

Choosing the correct filing status is an essential part of your tax preparation, as it impacts your tax rate, eligibility for credits,...

In response to rising living costs, New York State is issuing one-time inflation refund checks to eligible residents. These payments are...

How Self-Employed Taxpayers Can Stay Ahead of the IRS

Tax season may be over, but your job isn’t done yet. Knowing how long to keep your tax records can protect you in case the IRS has questions down the road.

Watch Out for These Common DIY Filing Mistakes

As we welcome the Year of the Snake, a symbol of wisdom, transformation, and resilience, may this year bring you endless opportunities,...

As we step into the 2025 tax season, staying on top of important deadlines is critical to avoid late fees, penalties, or missed...

Recovering from the devastating California wildfires can be overwhelming, especially when financial hardship adds to the burden. Beyond...

2024 tax returns and most eligible tax filings have been extended to October 15, 2025 for taxpayers living in the LA disaster zones.

Did you just move to the US? If yes, then it's essential to understand your situation and whether you are required to file a U.S. tax return

Let’s explore who needs to file and why it might be beneficial to do so, even if you’re not legally required.

Happy New Year from MKHS Tax Group!

MKHS Tax Group is here to guide you through the key steps you need to take to get organized.

Prepaying state and local taxes (SALT) is one strategy that may offer benefits—but it comes with specific limitations you need to understand

On December 23, 2024, the Fifth Circuit lifted the injunction that had temporarily paused the BOI reporting requirements under CTA.

As time ticks closer to major life events or year-end, taking steps toward estate planning can feel overwhelming. However, even...

A critical part of preparing for year-end is making sure your books reflect accurate, up-to-date information.