Category Archives: General Tax

10 February 2020

The SECURE Act: Key Takeaways and Strategies to Consider

Over the past few years, we have seen some of the greatest shifts in tax legislation. And just as we are finally digesting the unprecedented tax reform changes of 2018, we now turn our attention to one of the most … Continue reading

10 January 2020

IRS Establishes No Clawback Rule on Gifts and Estates

In a recent announcement, the IRS presented the highly-anticipated final regulations on gift and estate tax exclusion amounts made between 2018-2025, confirming there will be no clawback after the exemption amount sunsets. The IRS and the Treasury Department have established … Continue reading

10 January 2020

Top 10 Tax Deductions for Small Businesses

As we gear up for tax season and another round of the tax-reform era, here’s what small businesses need to know about tracking and deducting their eligible business expenses. Everything adds up, so be sure to organize and plan accordingly; … Continue reading

7 January 2020

Important Tax Deadlines in January

Most of us are familiar with the matriarch of all tax days—April 15—but there’s other federal tax deadlines to be aware of as well to stay in compliance with the IRS. January 15 – 4th Quarter Estimated Taxes If you … Continue reading

18 September 2019

What should I do if I owe Money to the IRS?

When working with tax clients, it is important they understand the difference between the filing of their tax returns and the paying of the tax due on these returns.  These two tasks are mutually exclusive and we certainly get the … Continue reading

11 September 2019

What do I do if I am behind a few years in filing my Income Taxes?

This is a very popular question in our tax office and we get it often.  “I have not filed my taxes for three years.  Am I in trouble or what should I do?”  Well, it is important to understand your … Continue reading

5 September 2019

I filed my Income Tax Extension but when is my Tax Return Due?

We get many questions each year around this time that go like this:  “OK Stu, I know you filed an extension for my business and personal returns, but when are the filings due?” This is a BUSY time of year … Continue reading

25 July 2019

Income Tax cutting strategies for Mid Year 2019

While many tax preparation firms go on vacation after tax season ends, my firm stays busy year round helping clients plan their taxes, budgets, and overall financial lives.  There are often many things one can do to pay less taxes … Continue reading

17 February 2019

Taxation of Social Security Benefits

At one time, all Social Security retirement benefits were tax free. However, the tax rules are not quite as simple today; instead, benefit recipients fall into one of three categories: For most recipients, benefits remain tax free. For some recipients, … Continue reading

13 February 2019

Avoid Being Double Taxed on Reinvested Dividends

I get a lot of questions every tax year about capital gains taxes and what the word “basis” means.  The basis of an asset is the purchase price paid. One thing that is easy to miss is the tax paid … Continue reading

< NEWER 5 of 13 OLDER >