Apr 10, 2024 | Taxes
Annual Tax Quiz – Is It Taxable? The IRS seems to always have a surprise up its sleeve for the unsuspecting taxpayer. Here’s a fun True or False quiz to test your knowledge of what’s taxable. Enjoy! If a thief steals someone’s property, he owes tax...
Mar 29, 2024 | Taxes
Oh No! Your Tax Refund is Now a Bill Many taxpayers start preparing their tax return with hopes of receiving a sizable refund, only to find out that their actual refund is much smaller than expected — or that they actually owe the federal government money instead! If...
Mar 12, 2024 | Taxes
Common Missing Tax Return Items Want your tax return filed quickly and without error? Then, double-check this list of items that are often overlooked. These missing items often cause delays in getting your tax return filed: Forms W-2 and 1099. Using last year’s...
Mar 6, 2024 | Taxes
Avoid a Penalty and Tax Surprise when Withdrawing from Retirement Accounts Retirement accounts that provide tax breaks have very specific rules that must be followed if you want to enjoy the financial rewards of those tax breaks. One of these rules defines WHEN...
Feb 15, 2024 | Taxes
Reasons to File Your Tax Return Early When it makes sense to file a tax return as soon as you can The 2024 tax season for 2023 tax returns is now officially underway. Here are several reasons to consider filing your tax return early. To get your refund. There’s...
Feb 8, 2024 | Taxes
Yes! You Owe Tax on That 6 Surprising Taxable Items If something of value changes hands, you can bet the IRS considers a way to tax it. Here are six taxable items that might surprise you: Surprise #1: Hidden treasure – In 1964, a married couple discovered $4,467...
