Tax

TAX PREPARATION Now is a good time to assess your current situation and address those lingering tax moves that may improve your tax picture for 2022. Here are five things to consider: Check on [...]

The New $7,500 Tax Credit That Isn’t. What you need to know A highly-touted tax credit in the recently-passed Inflation Reduction Act is meant to incentivize Americans to purchase electric [...]

The Audit The IRS reported audit rates continue to be low…very low. But that is now changing with thousands of auditors being hired for a post-pandemic scale-up of their reviews. So don’t [...]

Tax Planning Tips The tax code is about 75,000 pages long, so it’s not surprising there are many overlooked money-saving deductions hidden within it. And with the much higher standard deduction [...]

Homeowner Tax Rules Changing Home-related tax rules changing over the past few years have caught some taxpayers by surprise. When your mortgage company reports tax-related information to you and [...]

IRS Turning Off Some Automated Notices In a recent announcement, the IRS is telling taxpayers it’s turning off some of its automated notices. Here is what you need to know. Background: With [...]

New IRS Schedules for S Corps and LLCs

Plan Your Retirement Savings Goals for 2022 There’s good news for your retirement accounts in 2022! The IRS recently announced that you can contribute more pre-tax money to several [...]

Small Business Tax Return To-Do-List Eight ideas to make filing your tax return easier Consider these suggestions for helping to make tax season smooth sailing this year for your small business: [...]

Five Great Money Tips! Creating a sound financial foundation for you and your family is anything but easy. With low interest rates as an incentive to borrow more and even lower interest rates on [...]