Replacing Lost Tax Breaks for Your Growing Children

Replacing Lost Tax Breaks for Your Growing Children  July 23,  2019   Tax breaks drop dramatically as your children grow up, but you may be able to offset the losses with some timely tax planning. Consider the following tax events based on the age of your child: Age...

Effective Mid Year Tax Planning

Tax Planning in July?   Mid-summer Planning Can Get You on the Right Track.  July 8,  2019   With summertime activities in full swing, tax planning is probably not on the top of your to-do list. But putting it off creates a problem at the end of the year when...

Tax-filing Record Retention

Your Guide to Post Tax-filing Record Retention May 6, 2019   If the IRS or state revenue department selects your return for review, you will need to be prepared. Here is what you need to know: Keep a Copy of Your Form 1040 Indefinitely Do not toss or destroy any...

Tax Planning for Life Changes

Tax Planning for Life Changes May 1,  2019   Effective tax planning helps you make smart decisions now to get the future outcome you desire – but you need to make sure you don’t miss anything. Forget to account for one of these situations and...

Paying Taxes

Payment Arrangements for Taxes April 8,  2019   If you owe taxes on your 2018 tax return, the due date to make the payment is Monday, April 15. Miss this deadline by just one day and the IRS will charge you interest and penalties! Don’t risk adding...

Deductions for Non-Itemizers

Deductions for Non-Itemizers April 4,  2019   A common misconception in tax filing has been that if you use the Standard Deduction versus itemizing your deductions you have few additional benefits available to reduce your tax bill. This is often not the...