From rent to revenue reporting and recordkeeping, the business and financial side of managing a rental property has many nuances to it. So, whether you are considering purchasing an investment property or transforming your home…

Are you ready? Federal student loan interest has resumed as of September 1, 2023, and payments will be due starting in October. Congress recently passed a law preventing any further extensions of COVID-19 emergency relief…

How can you improve next year’s tax situation? By taking steps this summer! Whether you received a big refund or paid your taxes on tax day, taking action now can ensure next year’s tax bill…

The IRS Gift-Giving Rule You may give up to $17,000 to any indi­vidual (donee) within the calendar year 2023 without filing a gift tax return. If married, you and your spouse may trans­fer up to…

2023 will be a summer of traveling for many. After years of pandemic-related restrictions and cancellations, Americans are looking forward to an overdue reprieve this summer –and deservedly so. Even for diligent planners, vacation ex­penses…

What is an amended tax return and when do I need one? If you file a tax return and you find out later that it was wrong for some reason, you can file an amended…

What is a tax extension and how does it work? Most people really don’t like doing their taxes, and some wait until the very last minute. “Oh, I’ll just get an extension”, they say. Is…

What is the Kiddie Tax? We’re not talking about taxes on gambling or kids. We’re talking about a special set of rules for what to do if a child has unearned income (like interest, dividends,…