All too often taxpayers take action that will cost them dearly when they file their tax return. With a little planning, however, the IRS can still receive its fair share but not a dollar more. Here's what you need to know.
TIPS.RESOURCESFORCLIENTS.COM
Don't Run the Risk of a High Tax Bill! - Know when you should ask for professional help.
Did your paycheck seem a little higher? If so, it could be a tax time bomb.
TIPS.RESOURCESFORCLIENTS.COM
Is a Tax Time Bomb Lurking in Your Paycheck?
If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Tuesday, September 15th.
TIPS.RESOURCESFORCLIENTS.COM
Reminder: Third Quarter Estimated Taxes Due - Now is the time to make your estimated tax payment
Because our tax system is progressive, the next dollar you earn could be taxed at a much higher rate. By shifting taxable income levels from one year to the next, you could potentially pay a lower tax amount in both. Here are six great ideas.
TIPS.RESOURCESFORCLIENTS.COM
Tax Shifting Ideas to Reduce Your Bill to Uncle Sam - Is there a taxable income reduction idea you can use?
Learn how to win the credit score game, explore different budgeting methods to find one that works for you and be more aware of common scams being encountered by the IRS.
NEWS.RESOURCESFORCLIENTS.COM
Client Update Newsletter: September 2020
Providing a gift of stock (or other property) to a friend or loved one can be a powerful tax planning tool. However, it is not without its complications.
TIPS.RESOURCESFORCLIENTS.COM
A Gift of Stock - Information is key when using this tax planning strategy
If you recently changed your name due to marriage or divorce, do not get caught in the nightmare of a rejected or changed tax return by the IRS.
TIPS.RESOURCESFORCLIENTS.COM
Avoid Name Mismatch Audits
Find out if a tax trap is lurking in your paycheck and what to do with your 401(k) when switching jobs. Also read about business website mistakes and fascinating facts about your favorite fall gourd.
NEWS.RESOURCESFORCLIENTS.COM
Client Update Newsletter: October 2020
When does a tax benefit not become a tax benefit? When you assume you no longer need to keep track of something. This is the case with the home gain exclusion.
TIPS.RESOURCESFORCLIENTS.COM
The Lost Art of Tracking Home Improvements - How a tax law makes us sloppy and creates a tax risk
Oops! You find an error or omission on last year's tax return. What should you do? Is it always a good idea to file an amended tax return? Here are some things to consider.
TIPS.RESOURCESFORCLIENTS.COM
To Amend or Not Amend? - Is it always a good idea to amend your tax return if you find an error?
The Social Security Administration recently announced their 2021 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know.
TIPS.RESOURCESFORCLIENTS.COM
2021 Social Security Changes Announced
As Congress debates tax law changes, and we watch the give and take like its a bad soap opera the clock keeps ticking towards the end of the tax year. So what can you do? Here are some time tested tax reduction ideas.
TIPS.RESOURCESFORCLIENTS.COM
Lower Your Taxes THIS YEAR! - Here are 6 ideas that most people can use
Looking to plan ahead? Here are initial figures from the IRS regarding the upcoming, 2021 tax year.
TIPS.RESOURCESFORCLIENTS.COM
IRS Releases Key 2021 Tax Information
Looking for some ideas to make filing your taxes less cumbersome? Here are some tips.
TIPS.RESOURCESFORCLIENTS.COM
Tips to Organize Your Tax Records - Creating order out of chaos
More income is subject to Social Security in 2021 and new benefit amounts have been announced. Plus lots of great ideas to save you, your family and your business money is in this month's letter.
NEWS.RESOURCESFORCLIENTS.COM
Client Update Newsletter: November 2020
If you own a home you probably itemize your deductions on your tax return. But what if you do not itemize? Can someone using the standard deduction still get a tax break?
TIPS.RESOURCESFORCLIENTS.COM
Tax Savings for Non-Itemizers - Can't itemize? There are still tax breaks for you
After a long pilot program, the IRS is making its identity theft PIN program available to all taxpayers. Here is what you need to know.
TIPS.RESOURCESFORCLIENTS.COM
IRS Identity Theft Program NOW OPEN! - New one-time use PIN option available for all
Learn about a new tool to protect your tax return from would-be thieves. Plus find out how you are giving away the most valuable thing you own!
NEWS.RESOURCESFORCLIENTS.COM
Client Update Newsletter: February 2021
So many 1099's. How do you keep them all straight? Here is a quick review of the most common 1099's to help you prepare to file your tax return.
TIPS.RESOURCESFORCLIENTS.COM
Alert: Look for New 1099 NEC - Your 1099's are coming soon
Be on your guard as the IRS identity theft season starts in late January. Here's what you need to know.
TIPS.RESOURCESFORCLIENTS.COM
IRS Identity Theft Season Begins Now
A recent voter initiative in California overrules the state's desire to make all Uber and Lyft drivers employees. This puts a spotlight on all workers to know the difference.
TIPS.RESOURCESFORCLIENTS.COM
Are You a Contractor or Employee? - Knowing the difference is very important
Plan now to make your 4th quarter estimated tax payment.
TIPS.RESOURCESFORCLIENTS.COM
Reminder: Fourth Quarter Estimated Taxes Now Due - Now is the time to make your estimated tax payment
