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Turning Your 2017 Tax Refund Into Cash in Your Pocket Now

By |May 2nd, 2017|

If you received a 2016 federal income tax refund, you essentially made an interest-free loan to the government. Rather than wait to receive your 2017 refund until you file your return in 2018, why not begin enjoying that money now by reducing your withholdings or estimated tax payments? Learn more in this blog post.

Save or Shred? Tax Document Retention Guidelines for Individuals and Businesses

By |April 27th, 2017|

How long is it necessary to hold on to individual or business tax-related documents? The quick answer is that it depends on the document. Generally, tax-related records should be kept three years after filing a return or three years after the tax return’s original due date, because the IRS generally has that long to commence an audit. But in some cases, the statute of limitations for commencing an audit extends beyond three years. And it’s a good idea to keep some documents for much longer. This article discusses tax-related document retention guidelines for individuals and businesses.

Do You Know the Tax Implications of Your C Corp.’s Buy-Sell Agreement?

By |April 25th, 2017|

Will your C corp.’s buy-sell agreement produce adverse tax consequences? This blog post explores the different tax outcomes and other issues that can arise from buy-sell agreements to help you decide what is right for your business.

Individual Taxpayers Calendar: Key Deadlines for the Remainder of 2017

By |April 18th, 2017|

Here are a few key tax-related deadlines for individuals through the rest of 2017. Use this calendar and never miss a deadline again.

Dealing With an IRS Audit – April 2017

By |April 11th, 2017|

IRS data indicate that fewer than 1% of all individual income tax returns are audited each year. That’s true, but some taxpayers are more vulnerable than others. For starters, the IRS is more likely to audit taxpayers who report high incomes because that’s where larger amounts of underpaid taxes might be found. April 2017|Categories: Newsletters

A Timely Postmark on Your Tax Return May Not Be Enough to Avoid Late Filing Penalties

By |April 11th, 2017|

The 2016 tax return filing deadline for individuals is April 18, and the IRS considers a paper return to be timely filed if postmarked by midnight. If you owe tax, dropping your return, along with a check for the tax due, in a mailbox on the 18th may not be sufficient. Learn more about how you can avoid late filing penalties in this blog post.

Save With Home-Related Tax Deductions and Exclusions

By |April 4th, 2017|

Home ownership comes with many tax-saving opportunities to consider when filing your 2016 return or tax planning for 2017, such as property tax, mortgage interest, home-equity-debt interest and home office deductions and rental income and home-sale gain exclusions. Learn more in this blog post.

Key 2017 Tax Deadlines in Q2 for Businesses and Other Employers

By |March 28th, 2017|

Don't miss the tax deadlines that you need to meet! This blog post lists a few key ones for businesses and other employers during the second quarter of 2017 to help you stay on top of things.

Playing Defense as Stock Prices Soar – March 2017

By |March 23rd, 2017|

As of this writing, major U.S. stock market indexes are at or near record highs. This bullish run might continue...or it might end with a severe slide. Here are some strategies to consider. March 2017|Categories: Newsletters Download

Who Can — And Who Should — Take the American Opportunity Tax Credit?

By |March 21st, 2017|

Who can take the American Opportunity tax credit? If you have a child in college, you may be eligible to claim the credit (up to $2,500) on your 2016 income tax return. Learn more about whether you qualify in this blog post.