If you, your spouse or dependents had significant medical or dental costs in 2021, you may be able to deduct those expenses when you file your tax return. Here are…
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The year is quickly coming to a close and if you haven't taken your 2021 RMD, it's time to do so. RMDs are required minimum distributions from qualified retirement plans…
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Once you turn age 70 1/2, tax law mandates that you withdraw a required minimum distribution (RMD) from your traditional IRA. But by using the RMD or other IRA distribution…
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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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If the sale of business or investment property results in a gain, the gain is normally subject to tax in the year of the sale. However, there are opportunities to…
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Making the decision to venture out on your own and work for yourself can be an exciting, yet frightening prospect. Nevertheless, it is important for those who are self-employed to…
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No taxpayer ever wants to owe the IRS or have problems with this powerful agency. Unfortunately, it is easy to make mistakes or face financial problems that make paying taxes…
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You should have received your W-2 form, Wage and Tax Statement by February 2nd. Since your W-2 shows the amount of your wages and taxes withheld from your salary during…
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The Internal Revenue Service just announced it has adopted a "Taxpayer Bill of Rights" that is meant to provide taxpayers with a better understanding of their rights when dealing with…
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The IRS recently updated Form 9465, which taxpayers use to request an installment agreement or payment plan to pay back taxes. Taxpayers in Boca Raton, Delray Beach, Coral Springs, and elsewhere…
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