Estate planning. It’s such a noble phrase. It conjures up images of passing on to your loved ones a lifetime of hard work and success—leaving a legacy. But the road to distributing your estate is filled with potholes that may hijack your good intentions.
How many times have we heard, “Give to Caesar what belongs to Caesar”? Ok, but if you carry that line of thinking a little farther, don’t give Caesar, or the IRS, MORE than they’re supposed to get. If something is in the IRS code, and...
Hunting season is open again and you’re the target. According to the Internal Revenue Service, there is a new IRS impersonation email scam trying to con you out of your personal information with the end game of stealing your identity. There are variations of...
Have you ever had that sick feeling in the pit of your stomach when you realize there was a tax deduction you could have taken and didn’t? There’s just something deflating about knowing Uncle Sam got more of your money than he had to. The folks at...
Yes, it’s still a few months before you have to strap on the gloves and step into the ring with the IRS again, but you still have some time to create the maximum amount of legal deductions and reduce the tax bite. Here are some to consider:
What feeling do you have when you hear IRS? Is there a sick feeling in the pit of your stomach or do you just roll your eyes knowing that April 15th will be here all too quickly? Throw in the word audit and emotions and blood pressure can reach levels...
As a result of the COVID-19 pandemic, U.S. Treasury Secretary Steve Mnuchin extended the 2019 tax filing date to July 15.  As a result, it also extends the deadline for making a 2019 contribution to your Individual Retirement Account (IRA) or Roth IRA. You now have until July 15 to make...
When the 2017 Tax Cuts and Jobs Act (TCJA) was passed it changed the rules about deductions for charitable giving. Under current law the only way to deduct charitable gifts is to itemize on your tax return. Because of that, giving to charities has fallen substantially. In 2018...