Tax Checkup Do you know how much your taxes are going to be next year? Does your refund or balance due always come as a surprise? I can help you...
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Disaster Relief The Tax Cuts and Jobs Act (TCJA) removes the deductions for casualty and thefts, except for losses from disasters covered by specific federal disaster declarations. However, the limitations...
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IRS’s Dirty Dozen Each year, the IRS publishes a list of the twelve most common tax scams. What are the dirty dozen for 2020? Phishing. You may receive an email…
Cancellation of Debt Income In the current crisis, more taxpayers than usual are unable to pay their bills and are seeking debt forgiveness. The general rule is that cancelled debts…
Hobby Income If you have income from sources other than your main job, how do you know whether it’s income from a business or hobby? The distinction between the two...
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Mid-Year Tax Checkup As you complete your tax return this year, are you surprised by the amount of your balance due or refund? Many people are unpleasantly surprised by the...
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CARES Act Brings Relief to Individual Taxpayers The recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided relief to taxpayers in a number of ways. The due…
Tax Notes The IRS advised that high deductible health plans (HDHPs) can cover the costs for testing and treatment of COVID-19 without losing their status as an HDHP. As we…
Do You Have a Balance Due? If planned correctly, tax time shouldn’t have to be unpleasant. I can help you with that. If you wind up with a balance due,...
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In December, the president signed the Further Consolidated Appropriations Act, 2020, which contains the SECURE Act and extenders. These acts affect you in many ways. First, the SECURE Act provides...
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