by admin | Mar 8, 2024 | Deductions
New tax rules are creating confusion Because of many home-related tax changes over the years, it can easily confuse taxpayers on what, when and how much can be used to qualify for a home mortgage related deduction. So when your mortgage company reports tax-related...
by admin | Mar 1, 2024 | Miscellaneous
March 15th is quickly approaching March 15th is the tax-filing due date for 2023 calendar year S corporations and partnerships. While this filing deadline does not require making a tax payment, missing the due date could cost you a hefty penalty. The penalty The...
by admin | Feb 23, 2024 | The Audit
What you need to do NOW! Preparing to file your tax return is a great time to ensure you have proper documentation to substantiate your tax deductions. This is important as many banks start deleting online documentation that is over one year old. Background Two things...
by admin | Feb 16, 2024 | Your Income
Understand the rules now to avoid a tax surprise later There is large tax break that allows you to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence. But making the assumption that this gain exclusion will always keep...
by admin | Feb 9, 2024 | Miscellaneous
Review these common causes of filing delays Double-check this list of items that often cause delays with both filing your tax return and getting your much anticipated refund. Missing W-2 or 1099. Using last year’s tax return, make a list of W-2s and 1099s. Then...
