April 05, 2019
Simple Tips to Reduce Your Chance of an Audit 1. Your income exceeds or doesn’t meet your various forms (W-2, 1099s, etc.) 2. Match the forms and reports, even if they are wrong. 3….
Read More...April 04, 2019
Crowdfunding started as a way for entrepreneurs to fund new enterprises. Then charities started getting in on the act through platforms like GoFundMe and Kickstarter. This has resulted in grassroots appeals for worthy causes around…
Read More...March 29, 2019
The kiddie tax isn’t just child’s play. Due to recent tax law changes, children with substantial income may end up paying more in taxes than before. Fortunately, you can take steps now to minimize the…
Read More...March 28, 2019
Receiving a gift is not a taxable event to the one who receives the gift. If the gift is large enough, it could result in gift tax being due by the donor. In any case,…
Read More...March 22, 2019
If you are anticipating a nice refund this year, it may be a good idea to prepare yourself for a possible letdown. Many taxpayers will receive a smaller-than-expected refund and might even owe taxes to…
Read More...March 20, 2019
Is alimony still deductible by payers and taxable to recipients? It depends. There is some confusion around recent tax law changes, but the prior rules generally remain in effect for divorce and separation agreements entered…
Read More...March 18, 2019
Want your tax return filed quickly and without error? Then double-check this list of items that are often overlooked. These missing items often cause delays in getting your tax return filed: Forms W-2 and 1099….
Read More...March 06, 2019
Let’s Talk Tax Reform For years, tax filers have valued a long list of itemized deductions which reduced their taxable income. Much of that is history now that the Tax Cuts and Jobs Act is…
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