Common April Tax Questions Answered!

Common April Tax Questions Answered! The individual tax deadline of April 18th (yes, this year it’s April 18th!) is fast approaching. Here are answers to five common questions that taxpayers typically ask in April. What happens if I don’t file on time? There’s...

IRS Debt Cancellation

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...

Tax Saving Tips for Parents AND Grandparents

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...

The Secret to a Quick Tax Refund

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...

Cryptocurrency: The IRS is Watching You!

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...

5 Surprising Taxable Items

5 Surprising Taxable Items Wages and self-employment earnings are taxable, but what about the random cash or financial benefits you receive through other means? If something of value changes hands, you can bet the IRS considers a way to tax it. Here are five taxable...