Still Waiting for the IRS to Cash Your Check?
If you e-filed and mailed a check to the IRS to pay your taxes, you may still receive a tax-due notice.
Foreign Account Reporting Due October 15
Do you gamble online at a casino located overseas? Do you have relatives in a foreign country who put your name on their bank account in case of emergency? You may have an FBAR requirement and not even realize it!!
Charitable Giving
Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
Comparison Chart: Trump and Biden Tax Platforms
This chart provides a side-by-side comparison of the two front-running presidential candidates’ tax plans for the future. However, there is no assurance these plans won’t be revised or that they will have eventual Congressional backing.
Ready for the 1099-NEC?
Own a business? If you pay an independent contractor $600 or more for the calendar year, you are required to issue a Form 1099-NEC soon after the end of the year to avoid penalties.
3 Lessons to Teach Your College-Age Child about Money
Now that your child is in college, it’s time to reinforce good money habits with lessons in Budgeting 101.
October’s Extended Due Date Is Fast Approaching
If you could not complete your 2019 tax return by the extended July 15 deadline and filed a request for additional time, that extension expires on October 15, 2020.
Business Owners: Is the Temporary Deferral of Employee Payroll Tax Worth It?
We explain how the payroll tax deferral could affect your business.
Return of Premium Life Insurance: Protection and Cash Back
While ROP life insurance returns some or all of the premiums you paid if you live past the term of your policy and haven’t cancelled coverage, that benefit comes at a cost.
Are You Paying Too Much Interest on Your Home Mortgage?
If you are thinking about refinancing your current home loan, consider the tax ramifications before making your decision, as the 2018 tax reform made some changes that may impact it.