Identity Theft – Tax Related
If your identity has been compromised with the Internal Revenue Service (IRS), you will find out in one of two ways. The first is that your e-filing of your personal…
FAFSA
It used to be that you filed your FAFSA as soon as your personal income taxes were complete. NOT ANY MORE! You can start filing your FAFSA October 1st. Remember…
A Relative Has Died. Now What?
First off, you have to see if there is a will, or a living trust. Then you have to look at all the assets that the decedent owned. Some items…
Year End Tax Savers
What can you do to reduce your taxes at the end of the year? Max out your 401(k) at work. You maximum contribution is $18,000; $24,000 if you’re 50 or…
Owe the IRS? Find Out Your Balance, Easy!
Nothing like calling the IRS to find out your balance and being on hold forever. I have heard horror stories where people were on hold for hours. Yes, plural. Why…
Saving for College
This is a tough one. Between paying for daycare, your own retirement account - how are you expected to save for college? The government doesn't make it easy. There are two…
Name Only Partnership? You May Have a Problem…
For my nerds, today's topic is Nwabasili Tax Court Memo 2016-220. USTaxCourt Link Do you have a business with someone and don't file a partnership tax return? Perhaps you and your…
How to Get Audited!
Let’s face it, my job is to file your taxes accurately, to advise you on how to be compliant, but some of you just don’t want to follow my directions.…