by Christina Minton | Dec 18, 2023 | Miscellaneous
Here is how you can find out… There are multiple situations where you need to find out what the IRS knows about you. It could be for the purpose of obtaining a loan, filing past year tax returns, or simply getting a copy of tax records for your files. A great...
by Christina Minton | Nov 27, 2023 | Miscellaneous
When to know to conduct a tax review Here are some tips that should trigger you to conduct a full tax planning session to ensure your tax bill next year is not higher than it needs to be. 1. You owed tax last year. If you have not adjusted your withholdings, you could...
by Christina Minton | Sep 25, 2023 | Miscellaneous
One of the more unpleasant surprises that can hit a taxpayer occurs when you sell personal property, rental property or assets from your small business. This tax surprise is often associated with depreciation recapture rules. Defined Depreciation recapture refers to...
by Christina Minton | Sep 18, 2023 | Miscellaneous
Suppose you take your best client out to dinner to celebrate your business relationship. If you own a business, are self-employed or run a side business, can you deduct any of the cost? Here are some tips to stay on the right side of the new rules: Make clear it’s a...
by Christina Minton | Aug 21, 2023 | Miscellaneous
What to do if you miss a quarterly estimated tax payment Many clients like to keep their Federal Tax withholdings as low as possible to avoid the IRS having their funds interest-free throughout the year. Other taxpayers, especially those with non-payroll income, must...
by Christina Minton | Apr 17, 2023 | Miscellaneous
Market values of homes are skyrocketing and higher property tax bills are soon to follow. Prepare now to knock your property taxes back down to earth. What is happening Property taxes typically lag the market. In bad times, the value of your home goes down, but the...
