by Christina Minton | Feb 21, 2022 | Whats New
IRS turns off some 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 the pandemic, incredibly late tax law changes from Congress, the congressional...
by Christina Minton | Feb 14, 2022 | Planning
I did not owe that last year! Picture this: For the past few years you’ve received your tax return and have had a small but nice refund. Now imagine your surprise, when this year, you are required to send in a fairly big check to settle your tax bill. Believe it...
by Christina Minton | Feb 7, 2022 | Your Income
Most income you receive is taxable income that is reported to the federal and state tax authorities. However, renting out your home or vacation property on a short-term basis can be done tax-free if you follow the rules. The rule: If you receive rental income for less...
by Christina Minton | Jan 31, 2022 | Miscellaneous
Diverse tax reporting makes this year a challenge The time to organize your tax records is now. Informational tax information is hitting your regular and digital mailboxes from now until late March. To make matters worse, this year there are economic recovery...
by Christina Minton | Jan 24, 2022 | Your Income
What to do to fix this thorny problem It is late February and you realize the Form 1099 you received is in error. In fact, it overstates your income by several thousand dollars. What should you do? Gather your facts. Put yourself in the shoes of the vendor, bank or...
