What Happens if I Receive an IRS CP2000 Notice?
If you receive a CP2000 notice, you don’t need to panic — but you do need to know what to do.
Don’t Miss Out on Year-End Tax-Planning Opportunities
2020 has given rise to more than the usual tax-planning opportunities. You’ll need to act before the end of the year to take advantage of the tax benefits and strategies available for 2020.
Beware of New Text Scam Related to Stimulus Payments
The IRS has warned taxpayers of a clever scheme by internet scammers to dupe taxpayers into revealing their bank account information under the guise of receiving the $1,200 Economic Impact Payment (EIP) that Congress authorized last Spring.
Proposed Equalizing of Tax Benefits for Retirement Plans
The “Money Talks” hosts discuss one of the tax proposals put forth by President-elect Biden and how it may affect retirement savings.
Is That Inheritance Taxable?
We provide an overview of issues related to being the beneficiary of an inheritance.
IRS Releases Inflation Adjustments for 2021
Each year, the IRS to adjust the tax rates, standard deductions, and a variety of other tax related numbers to cope with inflation.
Tax Consequences of Losing Your Job
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances.
Deducting Health Insurance: Special Rule for Self-Employed Taxpayers
Are you self-employed? You may be able to deduct 100% of the insurance premiums paid at the end of the year without itemizing deductions.
Solar Tax Credit is Sunsetting Soon
Thinking about going solar? You might be eligible for a federal tax credit for the purchase and installation costs.
Record Keeping for Your Own Business
Business Owners: Records management is vital because it can help you analyze where your business is and, more importantly, where it’s going.