Articles

Archive for the ‘Individual Tax’ Category

February 12, 2020

6 Things That Delay Your Tax Return

Where’s My Tax Return? Common items that are often forgotten Wondering why your tax return is not finished? Often the delay can come from one or two items that were overlooked and are needed to…

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February 10, 2020

Virtual Currency…Every Bit Counts

“At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?” When you go to file your Form 1040 this year, you’ll notice this new…

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February 01, 2020

What is Form 1099-K?

Understanding Your Special K’s The IRS is reporting that it will be comparing filed 1099-Ks against income reported on business tax returns (including those reported on 1040 Schedule C tax returns). Knowing how this impacts…

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January 31, 2020

2020 Mileage Rates

Mileage rates for travel are now set for 2020. The standard business mileage rate decreases by 0.5 cents to 57.5 cents per mile. The medical and moving mileage rates also decreases by 3 cents to…

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January 27, 2020

8 Significant Changes To Know About The SECURE Act

Significant Changes To Retirement Legislation On December 20, 2019, President Donald J. Trump signed into law H.R. 1865, the “Further Consolidated Appropriations Act of 2020”. This legislation primarily authorized appropriations to fund the operation of…

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January 20, 2020

The SECURE Act

Long-established retirement account rules change. (Originally published on ASFinancialServices.com.) The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in…

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