Tax Breaks for Adult Students   October 14, 2019   Kids aren’t the only ones heading back to school this fall. Many adults are also taking courses to pursue a new career or improve their current job skills. Fortunately, adult students may qualify for several...

Reminder: Third Quarter Estimated Taxes Due September 9,  2019   Remember, you are required to withhold at least 90 percent of your current tax obligation or 100 percent of last year’s obligation.* A quick look at last year’s tax return and a projection of this...

Help Older Adults Stand Up Against Scams September 17,  2019 The Consumer Financial Protection Bureau recently reported in financial exploitation cases that older adults lost an average of $34,200. Unfortunately, these funds are often never recovered. You can ensure...

9 Tax-cutting Strategies for Individuals August 16,  2019 1. Maximize Deductions. If you find you're not able to use all of your itemized deductions these days, you're not alone. Several of the deduction categories must meet thresholds before you can take any...

Tax Planning in July?   Mid-summer Planning Can Get You on the Right Track.  July 8,  2019   With summertime activities in full swing, tax planning is probably not on the top of your to-do list. But putting it off creates a problem at the end of the year when...

Your Guide to Post Tax-filing Record Retention May 6, 2019   If the IRS or state revenue department selects your return for review, you will need to be prepared. Here is what you need to know: Keep a Copy of Your Form 1040 Indefinitely Do not toss or destroy any...

Tax Planning for Life Changes May 1,  2019   Effective tax planning helps you make smart decisions now to get the future outcome you desire - but you need to make sure you don't miss anything. Forget to account for one of these situations and your tax plans...

Payment Arrangements for Taxes April 8,  2019   If you owe taxes on your 2018 tax return, the due date to make the payment is Monday, April 15. Miss this deadline by just one day and the IRS will charge you interest and penalties! Don’t risk adding...

Deductions for Non-Itemizers April 4,  2019   A common misconception in tax filing has been that if you use the Standard Deduction versus itemizing your deductions you have few additional benefits available to reduce your tax bill. This is often not the...

Tax Tips for Investors April 9,  2019   1. Capital Gains Carry a Special Favored Tax Status. The tax rates on long-term capital gains are lower than the rates on ordinary income (such as wages and business income). Consider putting more of your...

5 Questions to Ask as the Tax Deadline Approaches April 3,  2019    1. What Happens if I Don’t File On Time? There’s no penalty for filing a late tax return after the deadline if you are set to receive a refund. However, penalties and interest are due if...

Tax Tips to Aid in Retiring Early March 25,  2019   1. Maximize Tax Advantaged Retirement Accounts. Retirement accounts like Traditional IRAs and 401(k)s allow qualified taxpayers to save pre-tax money, invest the funds, and not pay taxes until the funds are...

Know the Rules of Capital Gains & Dividends March 14,  2019   Capital Gains and Dividends are subject to a number of different tax rates. Because of this, know the rules can be a great way to cut your tax bill. Dividends For most taxpayers, qualifying...

Ten Tax Tips for Individuals March 6,  2019     1. Reduce Your Consumer Debt. The interest you pay on consumer debt is not deductible. Consider shifting consumer debt to a home-equity loan (where available and not to exceed $100,000) to...