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Here is a list of the items to that you will need to have your 2021 tax returns processed efficiently and accurately. …

Year End Tax Planning for 2021

Look at your investment portfolio. You have lots of tax-savings opportunities in the coming months as the year’s end approaches. Consider getting …

There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure …

Filing Deadline – 10/15/21

Clients who requested extensions to file their 2020 tax returns of the upcoming Oct. 15 due date. People who asked for an …

Tax Update August 2021

Businesses can deduct 100% of restaurant meals in 2021 and 2022. The late 2020 stimulus law provides temporary relief from the 50% …

Year End Tax Update

December 13, 2020 Don’t waste the annual gift tax exclusion. You can give up to $15,000 to each child, grandchild, or any …

October 1, 2020 Tax Update

The one-year suspension of required minimum distributions can be a blessing to some retirees who don’t otherwise need the funds. The money …

August 5, 2020 Tax Update

 Want to convert a traditional IRA to a Roth? Now might be a good time to consider it.  You’ll have to pay …

December 2019 Tax Update

Have income from rental properties you own? You may be eligible to take a juicy tax break: The 20% qualified business income …

A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee …

Taking higher-than-average deductions. IRS may pull a return for audit if the deductions shown are disproportionately large, compared with reported income. Writing …

Non-filing may be a Crime

Very few people are put in jail for not filing a tax return, but it does happen occasionally.  A willful failure to …

The income levels to qualify for the health premium credit in 2019 go up. The credit is available for people with household …

How long does a levy last?

The IRS can seize your assets as long as you owe any part of a tax debt and the 10 year statute …

If you can’t informally convince the IRS to forgo recording a tax lien, here are some options to consider once the tax …