Tax Planning Triggers When to know to conduct a tax review
Here are some tips that should trigger you to conduct a full tax planning session to ensure your tax bill next year is not higher than [...]
Selling Property to Family Creates Tax Complications
Selling property to a family member or loved one is deemed a related party transaction by the IRS. If contemplating a transaction like this, you need [...]
What to do if your return is rejected by the IRS?
More than 90% of individual tax returns are now filed electronically, and usually the process goes smoothly. When an e-filed tax return is rejected, however, e-filing [...]
Surprise! The Mutual Fund Tax Trap
Too often taxpayers receive tax surprises at year-end due to actions taken by mutual funds they own. What can add insult to injury is the unsuspecting [...]
Tips to Help Defend Yourself from the IRS
Powerful. Always right. Intimidating. These are some of the descriptions used to describe our nation's tax collection agency, the IRS. But believe it or not, the [...]
Audit Proof Your Deductions
The IRS is being very public about increasing the review of tax returns. The best defense for you is to be prepared before it happens. Here [...]
November Client Update Newsletter
This month's newsletter outlines Social Security’s cost-of-living adjustment for 2024, plus some basic information on how Social Security works. And there is still time to take [...]
Time to Reconsider Municipal Bonds
Everybody likes getting something for free, and taxes are no different. If you invest in securities such as municipal bonds (munis) or municipal bond funds, you [...]
Tax Efficient Retirement Requires Planning
Putting off distributions and holding assets in your retirement accounts as long as possible may seem like a good idea, but waiting too long can cause [...]
Hike in Social Security Benefits for 2024
The Social Security Administration announced a 3.2% boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2024, a big drop from last year's [...]
How to Maximize Your Social Security
You can begin receiving your Social Security retirement benefit as early as age 62. But by putting off your benefit start date you can receive a [...]
Employee Tax-Free Income
While most income received from your employer quickly ends up on a W-2 tax form at the end of the year, here are some common employee [...]
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