Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you owe the government money…
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There are millions of individuals who do not file a tax return each year, many of them simply because their income is below the filing threshold levels for the year…
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On April 9, 2020, the IRS issued Notice 2020-23 which has added to the due date postponement of filing and payment obligations to include those due on or after April…
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As part of an effort to ensure compliance and fairness, the Internal Revenue Service recently announced that it will increase efforts to visit high-income taxpayers for failure to file a…
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Sometimes, life just gets in the way. You feel too busy or have experienced a life-changing event such as a divorce, illness, job loss, or death in your family that…
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With the median cost for an assisted living facility close to $50,000 and over $100,000 for nursing home care, it would be helpful to find a way to reduce the…
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With the passage of the Taxpayer First Act in mid-2019, the Treasury Department (i.e., the IRS) is required to establish a program to issue an IRS identity protection pin (IP…
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Tax return mistakes are not uncommon. Since taxes can be extremely complicated and the documents required to file them properly are sometimes difficult to understand, mistakes occur more than you…
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Have you been ignoring your future retirement needs? This tends to happen when people are young; because retirement is far in the future, they believe that they have plenty of…
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It’s been more than one year since tax reform was passed and taxpayers and their tax advisors have been waiting for guidance as to whether rental property will be classified…
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