Are Interest Rates Heading Lower?
As the financial markets sort through the banking sector's issues, speculators have adjusted their outlook for interest rates for 2023 and beyond.In the first table, you can see that on March 3, speculators were expecting the Federal...Read More
Weekly Market Insights: Bad News Gives Markets a One-Two Punch
Stocks tumbled last week as investors reconsidered their interest rate expectations after Fed Chair Powell’s Congressional testimony that rates may need to go higher. Stocks also were rattled when a west coast bank was placed...Read More
What Can the IRS Do to Collect Back Taxes?
Opening the mailbox and finding a letter from the IRS is frightening, but what happens next can be even scarier. The tax agency wields incredible power, and if they claim you owe additional taxes, they have many different options for...Read More
Your 4% Withdrawal Strategy May Not Be Enough
YOUR 4% WITHDRAWAL STRATEGY MAY NOT BE ENOUGH Get the Tax Guidance You Need to Help Live the Retirement You Desire There’s a lot of concern among industry experts about whether the popular 4% withdrawal rule can provide enough income...Read More
Common Tax Relief Programs the IRS Offers
The IRS actually understands taxpayers fall behind on their taxes, and they have programs in place that can reduce the amount you owe or at least make paying the tab a little easier.Read More
Tax Deductions You May Be Eligible for as a Freelancer
Small business owners and freelancers can get blindsided by huge tax bills. here are some tax deductions you may be eligible for to help reduce your tax burden and protect your income.Read More
Four Ways Freelancers and Gig Workers Can Trim Their Tax Bills
If you love the freedom of gig work but not the big tax bill, you need to think ahead. Here are four ways you can trim your tax bills.Read More
8 Ways to Get Ready for Tax Season and Avoid a Back Tax Problem
The holidays are here. Not to be a Grinch but right around the corner is a less fondly anticipated time of year. Before you know it, you will be taking down the Christmas tree, pulling down the holiday lights and getting ready for the...Read More
13 Reasons Why NOT to invest an IRA in real property!
Apparently, reality TV shows are now providing tax advice!. The number one questions across the country this year are from clients attending “real estate” seminars and being told to use their IRA to buy and flip homes....Read More
Operation Hidden Treasure: Cryptocurrency And Your Taxes
Cryptocurrency has become an incredibly popular way to invest, but the tax side of this virtual coin can be difficult to navigate. The IRS has gone back and forth over the years on it's stance on cryptocurrency, making it confusing...Read More
Tips for Finding a Qualified Tax Resolution Firm
Given how high the stakes are, it is surprising how little thought many people give to their taxes. All too often, individuals simply walk into a neighborhood storefront, hand over their most personal information and trust the person...Read More
4 Common Tax Return Mistakes That Could Get You in Trouble with the IRS
As tax filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes....Read More
President Biden's American Families Plan
Congress is currently debating President Biden’s American Families Plan of tax and benefit changes. The Plan would make sweeping changes to our individual tax system and a limited window of time is available to plan for some of...Read More
Does the IRS Disagree with Your Income Figures?
It is one of the scariest things that can befall a taxpayer - the dreaded notice from the IRS stating you owe them more money you can’t pay. When you open the mailbox and see the return address of the tax agency staring back at...Read More
Which Tax Records to Keep and For How Long. Do This And Avoid Tax Problems Later.
Whether you are expecting a nice tax refund or preparing to write a big scary check, you know that April 15 is the annual tax filing deadline. What you may not know, however, is that tax day is every day at the IRS, and the tax agency...Read More
Do You Owe Back Taxes? Take These Steps to Protect Yourself and Your Finances
Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much feared tax agency does not contact taxpayers just to say hello and receiving communication...Read More
Who will they call if you've been in an accident?
A health care power of attorney, your medical decision-maker, plays an important role in estate planning but only if they are alerted to act. One way to make sure your medical decision-maker is alerted is to add them as an emergency...Read More
Getting Your Free Credit Reports
In order to maintain good credit and to guard against identity theft, you should check your credit reports frequently. Under the Fair and Accurate Credit Transactions Act 0f 2003 (FACTA), you are entitled to one free credit report...Read More
Are My Social Security Benefits Taxable?
It use to be so simple: Social Security benefits were tax-free. But then as a part of a "Let's Save Social Security" plan, Congress decided to tax up to 50% of your benefits. Later Congress decided to tax up to 85%, allowing the extra...Read More
Should I sell or rent out my present home?
Moving and trying to decide whether to rent out or sell your present home? If so, consider two important factors:How your choice will affect your cash positionHow willing and able you are to manage a rental property Are you buying...Read More
What is the child tax credit?
If you have a qualifying child under the age of 17, you may be entitled to claim this credit. A qualifying child may be a dependent child, stepchild, adopted child, sibling, or step-sibling (or descendant of these individuals), or an...Read More
What to Expect When Filing Your 2013 Tax Return
Did you know that the government shutdown has had an impact on your tax return? Because the shutdown prevented the IRS from doing some of its standard tax season preparation, the filing season will begin a little later and your refund...Read More