Receiving a tax refund is usually welcome news. But what happens if the IRS sends you money by mistake? A recent Tax Court case serves as an important reminder: an erroneous tax refund isn't yours to keep. The Case: When the IRS Got It Wrong A landscape architecture firm received a refund of payroll taxes along with interest from the IRS. The refund resulted from an IRS processing error that incorrectly reduced the company's employment tax liability to zero after mistakenly

Charitable giving is a meaningful way to support causes you care about, and it may also provide valuable tax benefits. Whether you're making cash donations, donating household items, or contributing appreciated assets, maintaining proper documentation is critical to claiming a charitable contribution deduction and avoiding issues during an IRS review. At EC Barrett, LLC, we help individuals, families, and business owners maximize tax deductions while staying compliant with

When hurricane season begins, it’s not just coastal storms you need to think about—fires, floods, and other unexpected emergencies can disrupt your life or business at any time. At EC Barrett, LLC, we help individuals and businesses stay financially prepared with proactive disaster planning and tax strategies. Below are essential disaster preparedness tips to protect your records, assets, and tax position before an emergency happens. Why Disaster Preparedness Matters for Taxp