28 Dec New Baby? Tax Tips Everyone Should Know Especially parents, grandparents and relatives
For new parents, information is coming from every direction – feeding times, car seats, sleep schedules, strollers, child development and of course ...
SBS NOVA | Tax Tips
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Tax Tips
21 Sep Salvage that Sunken Uncollectible Debt Victims of reneged payment agreements might have a tax deduction
There are few things as frustrating as not being paid what is owed to you. If it becomes clear the debt is not going to be paid, you might be able to recoup some of the lost money via a tax deduction. The IRS has...
14 Sep What Does the IRS Have on You? Here is how you can find out…
There are multiple situations where you need to find out what the IRS knows about you. It could be for the purpose of obtaining a loan, refinancing your house, or continuing your citizenship status. Possibly you are a few years behind on filing tax returns...
07 Sep Reminder: Third Quarter Estimated Taxes Due Now is the time to make your estimated tax payment
If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The third quarter due date is now here. Due date: Monday, Sept. 17, 2018 SPECIAL NOTICE: With major tax law changes...
31 Aug Now is a Great Time to Organize Your Tax Records
The time to organize your tax records is now. Waiting until the end of the year or, even worse, waiting until you are audited can lead to headaches. Here are some tips to get on top of your tax records. Storage Hints Organize your records by tax...
31 Aug Reduce Your Medical Expenses Tax smarts that make a difference
Medical expenses are on the rise. According to the Milliman Medical Index, the average family of four on an employer-sponsored plan will spend $28,000 on healthcare in 2018 – a $1,000 increase from 2017. Below are some ways you can save tax dollars when paying...
17 Aug Your Paycheck Might be Deceiving You Assess your tax situation now to avoid a surprise in the spring
Major tax reform will have a noticeable impact on virtually all taxpayers this year. Will your total paycheck withholdings at the end of the year line up with the new changes? Here are a few of the major changes and why it might be a...
10 Aug Hidden Back to School Tax Deductions
Summer is coming to a close and the back-to-school advertising blitz is underway. Hidden in some of those school expenses are tax deductions you can take advantage of. Here are some ways you can save: Watch for tax deductions on the supply list. Often schools...
06 Aug Fund Your Retirement or Your Child’s College?
As our students prepare to head back to school, many families face the difficult decision to save for retirement or use those funds to pay for their children’s college education. If you are facing that dilemma, here are some thoughts: Prioritize retirement over education In most cases...
27 Jul Common Tax Increase Surprises I did not owe that last year!
Picture this: For the past few years you've received your tax return and have had a small but nice refund. Now imagine your surprise, when next year, you are required to send in a fairly big check to settle your tax bill. Believe it or...