Preparing for a Successful Retirement
Preparing for a Successful Retirement As you approach retirement, it’s vital that you pay attention to several important financial matters to ensure a smooth transition. Here are five of them:…
The Home Office Deduction
The Home Office Deduction With more people working from home than ever before, taxpayers may be wondering if they can claim a home office deduction when they file their 2020…
Tax Considerations When Hiring Household Help
Tax Considerations When Hiring Household Help If you employ someone to work for you around your house, it is important to consider the tax implications of this type of arrangement.…
It’s Never Too Early to Check Tax Withholding
It’s Never Too Early to Check Tax Withholding While it probably seem like tax season just ended, it is never too early to do a “Paycheck Checkup” to make sure…
Employee Payroll Tax Deferral Guidance
Employee Payroll Tax Deferral Guidance On August 8, 2020, President Trump signed an executive order allowing employers to defer the withholding and payment of the employee share of Social Security taxes from…
Protect Tax Records Before Disaster Strikes
Natural disasters such as hurricanes are more common in summer, but tornadoes, floods, and fires can strike at any time. As such, it’s always a good idea to plan for…
Tax Breaks for Teachers and Educators
While many schools are switching to hybrid or remote learning models, teachers and other educators should remember that they can still deduct certain unreimbursed expenses such as classroom supplies, training,…
Filing an Amended Tax Return
If you discover a mistake on your tax return after you’ve already filed, don’t panic. In most cases, all you have to do is file an amended tax return. Here’s…
Tax Scams: 2020 Edition
Compiled and issued annually every year by the IRS, this year it includes many aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. The criminals behind…
Here’s How to Pay If You Owe Money to the IRS
Here’s How to Pay If You Owe Money to the IRS The federal tax deadline is quickly approaching. If you owe money to the IRS – including estimated and other…