Full Breakdown: IRS Filing, Payment, and Action Deadlines
Article Highlights: Filing Due Date Postponement Payment Due Date Postponement Extensions Late Filing and Late Payment Penalties Required...
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Apr 10, 20204 min read
The IRS Starts Issuing Coronavirus Payments April 9th: When Will You Get Your Funds?
With the impact of the COVID-19 crisis affecting people all over the country, the Internal Revenue Service and the Treasury Department...
Mar 31, 20203 min read
Running Low on Money? Congress Has Made it Easier for You to Tap Your Retirement Savings
Article Highlights: COVID-19 Tax Benefits Retirement Plan Withdrawals Waiver of 10% Early Withdrawal Penalty Retirement Plan Loans Roth...
Mar 26, 20204 min read
What Does the $2 Trillion Stimulus Package Mean for You?
Article Highlights: Recovery Rebate Penalty-Free Retirement Withdrawals Waiver of the 2020 RMD Requirement Temporary Removal of...
Mar 26, 20203 min read
Beware of Scammers During the COVID-19 Crisis
As part of the efforts to contain the COVID-19 outbreak, the elderly, especially those over the age of 80 who are most susceptible the...
Mar 24, 20203 min read
Update on COVID-19 - Tax Deadlines and Mortgage Relief
Federal - Tax deadlines The Treasury Department and IRS are extending the due date for filing federal income tax returns to July 15,...
Mar 16, 20202 min read
Coronavirus Tax Relief and more
We're reaching out today to update you on the impact of the COVID-19 global pandemic on the tax and accounting industry and to help...
Dec 13, 20194 min read
Tips to Avoid 2019 Tax Penalties
Article Highlights: Underpayment Penalties Withholding Under-distribution Penalty Required Minimum Distributions IRA-to-Charity...
Nov 22, 20194 min read
Tax Benefits for People with Disabilities
Article Highlights: ABLE Accounts Disabled Spouse or Dependent Care Credit Medical Deductions Home Modifications Special Schooling...
Oct 25, 20194 min read
Deducting the Costs of Modifications for Senior-Proofing a Home
While Americans may argue about any number of hot-button political topics, there’s no disagreement on one issue: the country’s population is
Oct 25, 20191 min read
November 2019 Individual Due Dates
November 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during October, you...
Oct 18, 20193 min read
6 Simple Personal Finance Tips That Lead to a Big Payoff
Let's face it: A lot of personal finance advice seems to be incredibly repetitive and common sense — like paying off your debt ASAP and...
Oct 18, 20195 min read
Employer-Offered Benefits That Can Save You Money and Taxes
Article Highlights: Health Insurance Retirement Plans Qualified Transportation Fringe Benefits Flexible Spending Accounts (FSAs) Group...
Oct 18, 20193 min read
3 Common Personal Income Tax Problems & How to Respond
Tax problems aren't just a worry that hang over people's heads from January through April every year. Many of them go far beyond the...
Oct 11, 20194 min read
Crowdfunding Can Have Unexpected Consequences
Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-r
Oct 11, 20194 min read
Is It Better to Have a Tax Credit or a Deduction?
People often say that an expense is “a tax write-off”; most everyone interprets this to mean that the expense will have a tax benefit. Gener
Oct 4, 20195 min read
70-1/2 or Older? Avoid an IRS Penalty by Taking the Correct Retirement Plan Distribution
If you are age 70-1/2 or older and have a traditional IRA, a 401(k), or a SEP IRA, the tax law requires you to take at least a minimum
Oct 4, 20196 min read
Are You Subject to Self-Employment Tax?
Self-employed individuals, unlike employees, don’t have someone withholding Social Security or Medicare (FICA) taxes along with pre-payments
Sep 27, 20197 min read
Child Daycare and Taxes
Article Highlights: Daycare Providers Simplified Food Deduction Special Rules for Business Use of the Provider’s Home Home Sale...
Sep 27, 20193 min read
Smart Money Moves to Make Once You Turn 50
Congratulations, you made it to half a century! Your fifties can be a tumultuous time: Not having to work anymore sounds like a dream,...
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