March 4, 2020

Congress Removes IRA Contribution Age Restriction

Article Highlights: Appropriations Act of 2020 Age Limit Repeal Contribution Limits Compensation Higher Income Taxpayer Deduction Phase-Out Spousal IRA Contribution Timing On December 20, 2019, President […]
February 25, 2020
mortgage debt relief tax

Did You Pay Tax on Home Mortgage Debt Relief in 2018? You May Be Entitled to a Refund

Article Highlights: Appropriations Act of 2020 Cancellation-of-Debt (COD) Income Retroactively Extended Special Exclusion Home Affordable Modification Program (HAMP) Amended Return On December 20, 2019, President Trump […]
February 7, 2020

Don’t Be Duped by Clever Scammers

Article Highlights: Scammers disguise e-mails to look legitimate. Legitimate businesses and the IRS never request sensitive personal and financial information by e-mail. Don’t become a victim. […]
January 31, 2020

Do I Have to File a Tax Return?

Article Highlights: When You Are Required to File Self-Employed Taxpayers Filing Thresholds Benefits of Filing Even When Not Required to File Refundable Tax Credits This is […]
January 22, 2020
prove financial hardship

How Can I Prove Financial Hardship to the IRS If I Can’t Pay My Taxes?

As tax season draws near, you may be concerned that you won’t be able to pay your tax bill. If you’re simply broke after holiday credit card […]
January 15, 2020

Congress Passes Last-Minute Tax Changes

Article Highlights: Discharge of Qualified Principal Residence Indebtedness Mortgage Insurance Premiums Above-the-Line Deduction for Qualified Tuition and Related Expenses Medical AGI Limits Residential Energy (Efficient) Property […]
January 10, 2020

Your Guide to Using 529 College Savings Plans

When it comes to saving for your child’s future college expenses, 529 college savings plans are one of the most popular options — and for good […]
January 2, 2020

How to Clean Up QuickBooks for 2020

We know December is a busy month. However, take some time now to make sure QuickBooks is ready for 2020. Yes, it’s here again: the end […]
December 17, 2019

Take Tax Advantage of a Low-Income Year

Article Highlights: Exercise Stock Options Convert a Traditional IRA to a Roth IRA Maximize IRA Distributions Sell Appreciated Stock Delay Business Expenditures Release Dependency Delay Personal […]
Free Quote