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

Individual

Blog categorized as Individual

4 new law changes that may affect your retirement plan
A new law might provide you with tax-saving opportunities related to your IRA or retirement plan.
21.01.20 01:31 PM - Comment(s)
Your home office expenses may be tax deductible
These days, many people work from home. But they don’t all qualify to deduct the expenses of a home office on their tax returns. Here are the basic rules.
10.01.20 01:40 PM - Comment(s)
Do you have a side gig? Make sure you understand your tax obligations
These days, many people have side “gigs” to earn extra money. Find out more about the tax consequences of taking on these jobs.
08.01.20 11:33 AM - Comment(s)
Using your 401(k) plan to save this year and next
Have you been contributing enough in 2019 to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the just-announced limit for 2020.
10.12.19 12:38 PM - Comment(s)
Using your 401(k) plan to save this year and next
Have you been contributing enough in 2019 to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the just-announced limit for 2020.
19.11.19 04:43 PM - Comment(s)
Selling securities by year end? Avoid the wash sale rule
Have you cashed in some investment gains in 2019? You may be looking for unrealized losses in your portfolio so you can sell those investments to offset your gains before year end. This can reduce your tax liability. But don’t run afoul of this rule.
28.10.19 01:50 PM - Comment(s)
Use a Coverdell ESA to help pay college, elementary and secondary school costs
Are you looking for ways to save for your child’s or grandchild’s education? Or do you want to save for private elementary and secondary school? A Coverdell Education Savings Account may help.
23.10.19 03:06 PM - Comment(s)
Watch out for tax-related scams
Have you received a text, letter, email or phone call purporting to be from the IRS? Don’t become the victim of a scam. Here’s what you should look out for.
14.10.19 03:19 PM - Comment(s)
Check on your refund — and find out why the IRS might not send it

It’s that time of year when many people who filed their tax returns in April are checking their mail or bank accounts to see if their refunds have landed. According to the IRS, most refunds are issued in less than 21 calendar days. However, it may take longer — and in rare cases, refunds might not c...

09.06.19 03:57 AM - Comment(s)
Three questions you may have after you file your return

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year.

Question #1: What tax records can I throw away now?
At a minimum, keep tax records related to your return f...

09.06.19 03:50 AM - Comment(s)