July 25, 2022
The COVID pandemic prompted numerous temporary changes to the tax laws for 2020 and 2021. From Economic Impact Payments, penalty-free IRA distributions and the expanded child tax credit to Employee Retention Credits and credits for paid leave, taxpayers had ample areas… Read more »
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Amend Tax Return, Do You Need to Amend Your Tax Return?, How to Amend Your Return, How To Minimize Penalties, Late Fees and Interest, Minimize Penalties, Need to Amend, Penalties, Reasons to Amend
July 25, 2022
Have you recently left the job market to raise your kids, care for an elderly parent or pursue personal interests? Regardless of why you left and whether it’s temporary or long-term, you might still want to save for retirement while your… Read more »
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IRA, Nonworking Spouse, Nonworking Spouse: Contributing to Your Own Traditional IRA, Roth IRA, Roth IRA Contributions, Spousal IRAs, The Lowdown on Spousal IRAs, Traditional IRA Contributions, Traditional IRA Contributions When Both Spouses Work, Working Spouse, Working Spouse: Contributing to a Traditional IRA
June 24, 2022
Real estate markets are still surging in many parts of the country, especially in some popular travel destinations. If you’re thinking about selling a vacation home that’s increased dramatically in value, you might be rightly concerned about the tax hit. While… Read more »
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Basics of the Home Sale Gain Exclusion, Consider Taxes Before Selling a Highly Appreciated Vacation Home, Real estate markets, Vacation Home as a Principal Residence
June 24, 2022
The IRS recently announced it will be increasing the standard mileage rate for qualified business drivers for the second half of 2022. The adjustment reflects rising costs at the gas pumps this year. It’s accompanied by a hike in the standard… Read more »
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Blended Rate for 2022, IRS, IRS Boosts Standard Mileage Rates for Second Half of 2022, IRS Standard Mileage Rates, Qualifying for the Standard Mileage Rate
May 24, 2022
If You Make Estimated Tax Payments, a Deadline Is Coming Up If you pay quarterly estimated taxes, circle this date on your calendar: June 15. That’s the payment due date for your second-quarter estimated taxes. Individuals, including sole proprietors, partners… Read more »
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Estimated Tax Payments, Exceptions to the 10% Early Withdrawal Penalty, Exceptions to the 10% Early Withdrawal Penalty Require Proof, Federal Tax News, Federal Tax News for Individuals, he Amounts that Delinquent Taxpayers Can Keep Have Been Updated by the IRS, Settlement for Legal Malpractice, Settlement for Legal Malpractice Is Taxable Income, Tax Deadline, tax news, Tax News for Individuals, The "Tax Gap"
May 24, 2022
Remember the excitement of the last day of the school year? Many adults have fond childhood memories of being off from school for the summer. But summer break isn’t just for kids. Here are nine potential summertime tax breaks for grown-ups… Read more »
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9 Ways to Bask in Summer Tax Savings, Charitable Deductions, Go Green, Harvest Capital Gains or Losses, Rent Out Your Personal Residence, Tax Savings, Track Vacation Home Use
May 24, 2022
Every two years, the Association of Certified Fraud Examiners (ACFE) publishes a study detailing the costs, schemes, perpetrators and victims of occupational fraud. “Occupational Fraud 2022: A Report to the Nations” was recently released. It covers more than 2,100 cases of… Read more »
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ACFE, ACFE Study, Association of Certified Fraud Examiners, Combating Fraud during the Pandemic, Finding Fraud, fraud, Median losses, New ACFE Study, Percent Reduction in Fraud Loss, Preventing Fraud, Role of cryptocurrency, Top 10 Trends in White Collar Crime, Trends in White Collar Crime