Contact from the IRS
With telephone and email scams on the rise, knowing how and when the IRS will contact you is key to avoiding becoming a victim INITIAL...
Inheriting an IRA
If you inherit an IRA from a loved one (not your spouse), there are some special rules that must be followed to avoid big tax...
Estate Planning
The American Institute for Economic Research offers a publication entitled If Something Should Happen that can help create a plan for...
Simplifying Estimated Taxes in Retirement
While retirement simplifies life on many fronts, paying taxes isn’t always one of them. Many retirees find themselves saddled with the...
IRS Video Tax Tips: Audits by mail
IRS Video Tax Tip: What to do if you are notified by the IRS that you are being audited by mail. In English: www.youtube.com/irsvideos In...
Steps to take if you are the victim of Identity Theft
Do you suspect that you have been the victim of identity theft? Here is how to start to resolve the situation! Step 1: Report the crime...
What will the Tax Cuts and Jobs Acts mean for you?
How will the Tax Cuts and Jobs Act of 2017(TCJA) affect your 2018 taxes? Here is a calculator from The Tax Foundation, a nonprofit tax...
Compensation/Distribution for Business Owners and Sub-Chapter-S Corporate Shareholders
As an S-Corp shareholder, knowing when payments need to be characterized as compensation or a distribution can be a tricky one. As a...
Tax Scam alert from the IRS
Both individuals and business owners must be vigilant about recognizing all of the IRS scams that are floating around out there. The IRS...