Consequences of Filing Married Filing Separate
Tax Planning, Tax Tips, TaxesArticle Highlights
Reasons to File Separate
Filing Threshold
Community Property State Income
Joint & Several Liability
Social Security Benefits Taxation Threshold
Capital Loss Limitation
Sec 179 Limitation
Rental…
Start Off on the Right Foot for the 2023 Tax Year
2023 Taxes, Tax Planning, Tax TipsArticle Highlights:
W-4 Updates
W-9 Collection
Estimated Tax Payments
Charitable Contributions
Required Minimum Distributions
Gifting
Retirement-Plan Contributions
Beneficiaries
Reasonable Compensation
Business-Vehicle…
Common Family Tax Mistakes
Tax Planning, Tax Tips, TaxesArticle Highlights
Family Member Transactions
Renting to a Relative
Below-Market Loans
Transferring Home Titles
Gifts
Basis
Life Estate
Incorrect Withholding
Child Files Incorrect Return
When it comes to transactions…
Looking Ahead to 2023 Taxes
2023 Taxes, Tax PlanningArticle Highlights:
Solar Credit
Home Backup Electric Storage Battery Credit
Home Energy Improvement Credit
Research Credit
Clean Energy Vehicles (New and Used) Credits
Standard Deduction Increase
Increased Retirement…
Year End Tax Planning Issues
Tax PlanningArticle Highlights:
Benefits Sunsetting After 2021
Benefits Sunsetting After 2022
Not Needing to File May Be an Opportunity
Maximize Education Tax Credits
Employer Health Flexible Spending Accounts
Maximize Health Savings…
What Is an Offer in Compromise?
Tax Planning, Tax TipsCarrying long-term debt is a challenge, but when the money is owed to the government and you see no way to pay what you owe, it can be psychologically and emotionally debilitating. Some people think they can turn to bankruptcy, but that is not…
IRS Providing Penalty Relief to 1.6 Million Taxpayers
Tax Planning, Tax TipsArticle Highlights:
Penalty Relief
2019 & 2020 Tax Returns
Includes 1040, 1120, Certain 1099 Series Filings
Refunds Are Automatic
September 30, 2022, Deadline
The First-Time Abatement Penalty Relief
To help struggling…
Mid-Year Tax Planning Checklist
2022 Taxes, Tax PlanningArticle Highlights:
Mid-Year Planning
Avoiding Unpleasant Surprises
Events That Have Tax Consequences
All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that…
Even if You’re Not Required to File a Tax Return, You May Be Missing Out if You Don’t
Tax Planning, TaxesArticle Highlights:
Tax Filing Thresholds
Withholding
2021 Recovery Rebate Credit
Earned Income Tax Credit (EITC)
Child Tax Credit or Credit for Other Dependents
Education Credits
Some people may choose not to file a…
Tax and Personal Finance Tips for New Parents
Tax Planning, TaxesExpanding your family? Whether you’re in the planning stages or your bundle of joy has already arrived, raising a child is one of life’s greatest joys — and biggest expenses. And we’re not just talking about the costs of college. From…