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Tips for a Smooth Tax Season

Jan 17, 2024 | Taxes

Tips for a Smooth Tax Season With tax season officially underway, here are tips to make filing your return as stress-free as possible: Gather your tax information for filing. Items you’ll need include W-2s, 1099s, K-1s and other forms you receive from your...

Watch Out For These Unexpected Tax Surprises!

Jan 8, 2024 | Taxes

Watch Out For These Unexpected Tax Surprises! No one likes surprises from the IRS, but they do occasionally happen. Here are some examples of tax situations you could find yourself in and what to do about them. Kids Getting Older Tax Surprise Your children are a...

Year-End Tax Cutting Moves to Consider

Dec 6, 2023 | Taxes

Year-End Tax Cutting Moves to Consider Here are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Max out pre-tax retirement savings. The deadline to contribute to a 401(k) plan to get a 2023 taxable...

Year-End Tax Planning Tips for Your Business

Nov 20, 2023 | Taxes

Year-End Tax Planning Tips for Your Business As 2023 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TINs)...

Tax Planning: Now More Important Than Ever

Nov 13, 2023 | Planning, Taxes

Tax Planning: Now More Important Than Ever Thankfully it’s not too late to try and minimize your taxes for 2023. If you haven’t scheduled a tax planning session, now is a great time to do so. Here’s how a tax planning session can potentially help your situation:...

The IRS is NOT Always Right

Oct 26, 2023 | Accounting, Taxes

The IRS is NOT Always Right Think twice about automatically paying the amount due on a notice Here are several quotes from actual IRS correspondence that serves as evidence that our national tax collection agency is not always right: Thank you for your correspondence....