Who Under Prepaid 2018 Taxes? IRS Tax Break?

Under Prepaid 2018 Taxes Happens for Many Reasons for an IRS Tax Break

It’s true, 2018 was an interesting year with tax reform going into affect. It is comforting to know there is the potential for an IRS tax break. And, there are many reasons for under prepaid 2018 taxes. The IRS requires taxpayers to pre-pay their taxes for any tax year. This is requirement is through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through withholding. And, self-employed individuals and those with investment income by paying quarterly estimated payments. Continue reading

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Get Ready for Tax Season, Tax Time 2019

Are You Ready for Tax Season? Time to Gather Your Information for Your Tax Appointment

We are aware of what it takes to get ready for tax season. Are you ready for tax season? Like most taxpayers, you have the overwhelming task of pulling together all the records for your tax appointment. This blog is Part 2 of Tax Time 2019 Is Around the Corner, and has additional suggestions as to how to get ready for tax season.
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Tax Time 2019 is Around the Corner, Are You Ready?

It’s Tax Time 2019, Time to Gather Your Information for Your Tax Appointment

When we say Tax Time 2019 is just around the corner, like most taxpayers, you are finding yourself with the massive chore of pulling together the records for your tax appointment. The difficulty of this task depends upon how well you maintained your tax records throughout the year. This is Part 1 of Tax Time 2019 is Around the Corner, Are You Ready? No matter how good your record keeping was, arriving at your tax appointment full and accurate tax information will give us more time to: Continue reading

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12 Easy Ways to Get Your Personal Finances in Shape for 2019

Do you want to learn about 12 easy ways to get your personal finances in shape for 2019?

Yes, there really are 12 easy ways to get your personal finances in shape for 2019. It’s always a good idea to do an annual review of your personal financial habits. Regardless, whether you’re diligent about paying bills and saving or you’ve fallen behind and never opened a savings account. Everybody needs to re-evaluate from time to time, and there’s no time like the New Year.  Continue reading

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Holiday Gifts with Tax Benefits

Holiday Gifts with Tax Benefits Come in Many Forms, Shapes and Sizes

Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits. Here are some examples:  Continue reading

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Protect Tax Data, Keep All Sensitive Tax Data Safe

The IRS Warns Taxpayers to Protect Tax Data and Keep All Sensitive Tax Data Safe

Did you know that when you protect tax data it will help with your future filings, amended returns and audits? Not to mention protect your identity, as well?

Since we all are heading in tax season soon, the IRS wants all taxpayers to be aware as to how long to keep tax returns and other supporting documents.
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Tax Reform is Confusing Part 2

Do you struggle feeling Tax Reform is confusing?

Yes, tax reform is confusing. In part 2 we hope to shed light on other areas of tax reform changes. As mentioned last week, we decided to put together a side-by side comparison of the old and new law. At the end of Part 1’s blog post, is an infographic to help you maneuver all the details behind Tax Reform. Below we will break down Part 2 of this very long infographic for an easier understanding. Let’s go! Continue reading

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Tax Reform is Confusing! Here is a Side by Side Comparison Part 1

Tax Reform is confusing to Many People.

Yes, tax reform is confusing; however, in this article we will make it easier to understand. This year has flown by so fast, and tax reform is in full swing. We decided to put together a side-by side comparison of the old and new law. All that is left to close this deal is filing that first tax return to the IRS. Below is an infographic to help you maneuver all the details behind Tax Reform. Below we will break down this very long infographic for you into pieces for an easier understanding. Are you ready? Continue reading

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Learn About This Year End Tax Strategy

Save Money with This Year End Tax Strategy 

Do you want to save money with a unique year-end tax strategy? Year-end is rapidly approaching and you only have a couple of months to utilize tax-saving strategies. The Tax Cuts and Jobs Act of 2017 substantially increased the standard deduction and made changes that affect itemized deductions. Continue reading

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