Do You Understand Tax Lingo?
When discussing taxes, reading tax related articles or interpreting instructions, one needs to understand the lingo and acronyms used by tax professio…
Tax Planning
Video Tips: How to Distinguish Hobby Vs. Business for Tax Purposes
If you are considering earning money from your hobby, it’s important to understand the tax implications. According to the IRS, any income generated from a hobby must be reported on your tax return, but it is not eligible for deductions like business expenses. So how does the IRS determine if your activity is considered a hobby or a business? Watch this video for a brief overview.
Is Your Will or Trust Up-to-Date?
When was the last time you or your attorney reviewed or updated your will or trust? If it was some time ago before the passage of substantial tax law …
June 2022 Business Due Dates
Here are the June 2022 Business Due Dates…
June 2022 Individual Due Dates
Here are the June 2022 Individual Due Dates…
Happy Birthdays from the IRS
When Congress enacts tax laws, many times whether the law applies is based on the age of the taxpayer or a taxpayer’s dependent. Reaching a cert…
Video Tips: Tax Benefits for Military Members
As part of the benefits of serving the country, military members have access to tax perks that are not available to normal civilians. This can range from multiple tax exemptions to automatic extensions for tax filing season. Watch this video for details.
Important Times to Seek Assistance
Waiting for your regular appointment to discuss current tax-related issues can create problems or cause you to miss out on beneficial options that nee…
Summer Employment For Your Child
Summer is almost here, and your children may be looking for a summer job. The standard deduction for single individuals increased from $12,550 in 2021…
Video Tips: Thinking about Bunching Your Tax Deductions?
Are you a taxpayer whose total of itemized deductions is close to the standard deduction amount for your filing status? If so, “bunching” your tax deduction may be a good choice for you. Watch this video to learn more about tax bunching and how you can do proactive planning to maximize the benefits.
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