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What’s better than a large refund?

What’s better than a large refund?

by | Mar 18, 2021 | Personal Taxes

If you think a large tax refund is a good thing, you may want to reconsider. Why would you want to let the federal government control your money when you could be putting that money to work for you? By better managing your withholding taxes, you can stop overpaying...
COVID Scams to watch out for

COVID Scams to watch out for

by | Jul 22, 2020 | Scams

The global COVID-19 pandemic has not only killed hundreds of thousands of individuals and sickened countless others, it has also spawned a host of scams, with criminals hoping to capitalize on people’s fears and the uncertain economic times. The Internal Revenue...
IRS changes in reporting for partnerships

IRS changes in reporting for partnerships

by | Mar 4, 2020 | Business Taxes

Due to concerns that partnerships may not be able to comply with its new mandate for the way they should report partners’ capital accounts, the IRS has postponed the requirement for reporting partners’ shares of partnership capital on the tax-basis until 2020. (See...
Tips to remember before you pay the IRS

Tips to remember before you pay the IRS

by | Feb 5, 2020 | Helpful Tax Tools

Before you send that check off the Internal Revenue Service, as many people have to do every year, there are a few things to keep in mind. To both protect the privacy of your bank account and spare yourself the time and headache of searching for a check that may have...
Seniors will see a new Form 1040 in 2019

Seniors will see a new Form 1040 in 2019

by | Sep 4, 2019 | Personal Taxes

The IRS recently released a draft version of a new tax return for senior citizens. Designed to be easier to read and navigate, the new form was mandated by the Bipartisan Budget Act of 2018. While based off the regular 1040, the 1040-SR, has a larger font size and the...