Apr 2, 2022 | Finances, Taxes
Debt: Gone But Not Forgotten by the IRS With the ups and downs of our economy over the last 2 years, you may have had a loan or credit card balance forgiven or cancelled by a financial institution. You would think that the cancellation of debt by a credit card company...
Mar 21, 2022 | Planning, Taxes
Tax Saving Tips for Parents AND Grandparents Leveraging the kiddie tax rules With careful tax planning, you can use the kiddie tax rules to reduce your tax obligation. Here’s what you need to know. Background The term kiddie tax was introduced by the Tax Reform Act of...
Mar 7, 2022 | Finances, Taxes
The Secret to a Quick Tax Refund Here’s how to get your overpayment as soon as possible Delayed tax refunds, penalties for not filing 2020 tax returns on time that were actually filed on time, and timely tax payments being flagged as late are just some of the...
Mar 3, 2022 | Finances, Taxes
Cryptocurrency: The IRS is Watching You! Whether you own cryptocurrency or not, everyone should know the tax rules surrounding this type of property as it becomes more popular. If you have one take away regarding cryptocurrency, it should be this: Remember that Uncle...