You may qualify for the Advance Child Tax Credit payments that congress approved based on your 2019 or 2020 tax return data. The IRS has sent out letters to those that have been identified as possible recipients of these new
Tax/Business News & Updates
A Smarter College Housing Option
Are you or someone you know paying for college housing? Buying property, instead of renting, has some hidden advantages that can save some money. Does your child, grandchild, or someone else you know need a place to live while attending
Owe Taxes? Make Payment Arrangements Now!
The drop-dead date for on-time tax payments is April 15. If you can’t make the full payment, the IRS provides options to lessen the immediate financial burden, but the time to act is now. Miss this deadline by just one day
The Tax-Free Retirement Savings Option- Is a Roth IRA right for you?
Deciding between a traditional or Roth IRA can be confusing, but one thing is clear – Roth IRAs are subject to fewer IRS rules and restrictions, giving you more flexibility while still providing some great tax savings. Read more at
Where’s My Refund?
Your return is filed and you’re expecting a refund. Where is it? The IRS has an online service to check on the status of your tax refund. Here is what you need to know. Read more at Weekly Tax Tip
Save Those Receipts!- These tips are money in your pocket
Too often during the course of an audit, the auditor throws out valid deductions. Not because they did not occur, but solely because you did not provide adequate documentation. When it comes to taking qualified deductions on your tax return,
Tax Scam Alert! Defend Yourself Now
Now is the time for tax fraud and theft. As the IRS continues to neutralize these threats, scammers are developing improved tactics to steal your identity and tax refund. Here is a recap of what the IRS is seeing this
Business Tax Deadline Dates in 2019
When are 2018 Business Taxes Due? Using your entity type, you can identify what your deadline is for filing business taxes and what it would be if you elect to take advantage of the extension, but you’ll also need to
Homeowner Alert! Review Your Tax Forms
Because of new laws many home related tax rules have changed and now require you to prove how funds are used to qualify for a deduction. This is catching many taxpayers by surprise. So when your mortgage company reports tax-related
A Separate Business Bank Account
Do I Need a Separate Business Bank Account? It’s imperative for business owners to have two items and I stress it all the time: A separate business bank account and an accounting/bookkeeping system to organize business finances. This blog will