As many of you are aware by now, the Tax Cuts and Jobs Act (TCJA) almost doubled the standard deduction for many taxpayers, raising the limits to $12,000 for single filers and $24,000 for married […]
Three Ways to Maximize Charitable Giving Under the New Tax Code Read More »
As the year winds down, now is the best time to get your financials in order and prepare for filing season this spring. Here’s a few tips to ensure you are ready to file early
Year-End Business Checklist: 5 Steps To Get You Ready For Tax Season Read More »
Over the weekend I had a friend call for some tax advice – he was planning to purchase a duplex to occupy and rent and was considering taking a distribution from his IRA (ROTH &
Why You Should Consider Moving your Traditional IRA Into Your Current Employer’s 401(k) Read More »
*Updated 12/28/17 With major tax reform looming, we compiled a list of year-end planning moves that can help you take advantage of the tax breaks that may be heading your way. While congress appears poised
Ten Year-End Tax Moves To Minimize Your Tax Exposure Read More »
Updated for 2020: As the 2020 tax filing season approaches, it’s important to get organized to ensure timely filing of your informational returns. New for 2020 is Form 1099-NEC, which will now be used to
3 Tips For Making 1099-MISC and 1099-NEC Filing A Breeze This January Read More »
Stock options can be complex and costly if you don’t properly plan for taxes. Two common forms of non-cash employee incentives are Incentive Stock Options (ISOs) and Non-qualified Stock Options (NSOs). With tax reform on the horizon,
Year-End Planning: Tax Strategies for Employee Stock Options Read More »
Considering converting your Traditional IRA into a Roth IRA? You’re not alone. Many of my clients are wondering if they should convert their IRA now and pay tax on the conversion this year, or wait till
The Smartest Way to Minimize Tax on a ROTH IRA Conversion Read More »
As an active CPA, I often stumble across forums and blogs on the internet with a plethora of misinformation that makes me want to bang my head against the wall. While this blog isn’t intended
3 Myths About Real Estate Taxation Read More »
Individuals should review their withholding and avoid having too little (or too much!) federal income taxes withheld from their paychecks. Nobody likes a surprise in April, so it’s best to review your withholding for the
Worried About Owing Taxes at Year-End? Read More »
The IRS mails millions of letters every year to taxpayers for a variety of reasons. Many of these letters are computer generated. It’s important to keep the following tips in mind if you are ever
How to Handle an IRS Letter Read More »
Being a parent can have its benefits. This is especially so during tax time. No, your kids will probably not help you sort through your tax receipts, but you can certainly claim some child-related tax
Child Related Tax Benefits For Reducing Your Tax Burden Read More »
