Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants

Individual

Blog categorized as Individual

After you file your tax return: 3 issues to consider
Once your 2019 tax return has been filed, there still may be some issues to consider. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
13.07.20 12:57 PM - Comment(s)
What qualifies as a coronavirus-related distribution from a retirement plan?
If you need money due to COVID-19, you may be able to take a tax-free “coronavirus-related distribution” from a retirement plan. The IRS has released guidance explaining who qualifies for one of these distributions.
29.06.20 11:45 AM - Comment(s)
If youre selling your home, dont forget about taxes
Despite a slowdown in real estate sales this spring, many people are still selling their principal residences You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.
22.06.20 10:53 AM - Comment(s)
Student loan interest: Can you deduct it on your tax return?
The CARES Act has provided some help for people with student loans. And if you do make some payments this year, you may be able to deduct the interest on your tax return. Here are the rules.
26.05.20 11:45 AM - Comment(s)
Did you get an Economic Impact Payment that was less than you expected?
Have you received an Economic Impact Payment only to find out it’s less than what you were expecting? Here are some of the reasons why.
19.05.20 10:35 AM - Comment(s)
Seniors face a double threat with COVID-19
Fraud perpetrators are using COVID-19 as an excuse to con personal and financial information out of vulnerable seniors. In addition to safeguarding their health, the elderly must protect their money.
29.04.20 12:49 PM - Comment(s)
Answers to questions you may have about Economic Impact Payments
As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. There’s also a new tool to check the status of your EIP.
27.04.20 11:45 AM - Comment(s)
Fraudsters are using COVID-19 to fleece Americans
Most Americans are pulling together to fight the COVID-19 virus. But some crooks have other ideas: They’re using the pandemic to phish, hack and lie their way into your wallet. We offer defense tips.
20.04.20 10:34 AM - Comment(s)
There still might be time to cut your tax bill with IRAs
Saving for retirement is essential for financial security and the government provides tax incentives. If you’re eligible, you still have time to contribute to an IRA, Roth IRA or SEP and benefit on your 2019 tax return.
06.02.20 03:29 PM - Comment(s)
Can you deduct charitable gifts on your tax return?
You may assume that if you make a charitable contribution to an eligible organization, you’ll receive a tax break for it. That may not be the case anymore. Here’s why.
29.01.20 02:49 PM - Comment(s)