There are new requirements for landlords to qualify for the Section 199A deduction in 2019. First, if you use the property yourself a substantial part of the year and rent only occasionally, you cannot take…

Looking to reduce your tax liability for 2019? Here are six tax-saving ideas that you can still execute before we turn the page to 2020.   1. Bundling The Tax Cuts and Jobs Act doubled…

Upcoming Tax Deadlines January 15 – Due date for the fourth installment of 2019 individual estimated tax. January 31 – Due date for employers to provide W-2 statements to employees, and also file Forms W-2…

No Check — Where’s Your Proof? What you need to do NOW! Year-end is a good time to ensure you have proper documentation to substantiate your tax deductions. This is important as many banks start…

Step One: Don’t Do it Alone Sleuthing your way through a tax audit by yourself is not the same as fixing a leaky faucet or changing your oil. Here are reasons you should seek professional…

The final months of 2019 are here. Take action to take now with your tax planning! Now is a good time to assess your current situation and address those lingering tax moves that may improve…

Can’t itemize? There are still tax breaks for you. A common misconception in tax filing has been that if you use the Standard Deduction versus itemizing your deductions you have few additional benefits available to…

While the maximum capital gain tax rate can be as high as 23.8 percent, most taxpayers pay 15 percent. But there is the possibility to have your capital gains go tax-free; zero percent! In fact,…