The IRS projects a tax gap of $688 billion for 2021, highlighting the challenges of tax compliance and enforcement. This gap is caused by underreporting of income, nonfiling, and underpayment, and it could lead to higher taxes for those who follow the rules. Elite Consulting can help you navigate these challenges, ensuring you’re filing your taxes correctly and taking advantage of all available deductions, so you don’t overpay. Let us help you reduce your tax liability and keep more of your hard-earned money.

Discover the DOJ’s decision to keep its Tax Division centralized in Washington, D.C. and learn why this move is essential for the future of tax law enforcement and tax cases across the U.S.

If you're a business owner or taxpayer feeling uncertain about the shifting tax laws, Elite Consulting PC is here to provide clarity. Our team of experienced tax professionals is ready to guide you through the complexities of tax regulations and ensure your business stays on track. Whether you're dealing with an IRS audit or simply looking for expert advice to optimize your tax strategy, we offer customized solutions designed to meet your unique needs. Reach out to Elite Consulting PC today and navigate the ever-changing tax landscape with confidence!

Climate nonprofits in the U.S. are facing new threats to their tax-exempt status under proposed actions by President Trump. This article explains what could change, how it impacts environmental charities, and what legal and public responses are underway—all in simple language anyone can understand.

A new tax plan called Project 2025 could bring big changes for American families. Some experts say it might increase taxes for the middle class while giving tax breaks to wealthy individuals. But what does that mean for you? If tax deductions and credits are reduced, many families could end up paying more. Meanwhile, high-income earners might benefit from lower corporate and estate taxes. Understanding these potential changes can help you prepare for the future. Read the full article to learn how Project 2025 could impact your finances!

Elite Consulting PC helps individuals and businesses navigate complex tax laws, ensuring they maximize deductions and take advantage of valuable tax credits. As lawmakers debate changes to the SALT cap and EV tax credits, our team stays ahead of the latest updates to help clients minimize their tax burden. Whether you're a homeowner in a high-tax state looking for relief or considering purchasing an electric vehicle, Elite Consulting PC provides expert guidance to help you make informed financial decisions. Contact us today to see how these potential tax changes could impact you!

Tax season is here, and the IRS is warning taxpayers to choose their tax preparers wisely. Filing with the wrong preparer could result in costly mistakes, IRS penalties, or even identity theft. But there’s a safer option—working with a Certified Public Accountant (CPA). CPAs ensure accurate tax filing, protect your personal information, and help you maximize your tax savings.

In this article, we’ll explore the dangers of unqualified tax preparers and why hiring a CPA is the best decision for your financial security.

At Elite Consulting P.C., we help individuals and business owners maximize their tax savings—including deductions for health-related expenses! Did you know that certain medical costs, like prescriptions, doctor visits, and even everyday health products, can reduce your taxable income? Our expert tax advisors ensure you take full advantage of these benefits while staying IRS-compliant. Contact us today to learn how we can help you keep more of your hard-earned money! 🚀 #TaxSavings #EliteConsultingPC #HealthExpenseDeductions

Disasters can turn your world upside down, but the right tax relief can help ease the financial burden. Understanding tax laws and making the most of the available benefits isn’t always easy. That’s why working with a CPA is one of the best decisions you can make. A CPA will ensure you take full advantage of tax relief options, get your refunds faster, and avoid costly mistakes.

If you’ve been affected by a disaster, don’t navigate the tax process alone. Contact a CPA today to get the expert guidance you need to maximize your tax benefits and get back on your feet.

The possible changes to the SALT deduction cap could have a big impact on taxpayers, especially those in high-tax states. While raising or removing the cap would help many people save money, it could also reduce federal tax revenue and mainly benefit high earners.

For now, the debate continues in Congress. Whether the cap changes or stays the same, understanding your tax deductions and planning ahead can help you make smart financial decisions.

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The IRS Direct File program is a great option for people who want to file their taxes easily and for free. Despite rumors that it was going away, the program is still available and will be ready for the next tax season. However, if your tax situation is complicated, hiring a CPA is a smart investment that can save you money and stress in the long run.