by Karen Baksa | Jan 29, 2025 | Uncategorized
Get Ready for Tax Season: Stay Organized and Stress-Free With the new year comes tax season! As your tax documents start arriving, here are some practical steps to help you stay organized and ensure a smooth, stress-free filing process. 1. Gather Your Tax Forms Make a...
by Karen Baksa | Jan 16, 2025 | Uncategorized
The beginning of a new year is the perfect opportunity to go through a financial review checklist and revisit your financial, legal, and personal strategies. Here are some key areas to consider as you assess your plans and prepare for the year ahead: Reflect on Life...
by Karen Baksa | Oct 16, 2024 | Tax Tips
Putting off distributions and holding assets in your retirement accounts as long as possible may seem like a good idea, but waiting too long can cause a major tax problem. When you reach age 73, the trigger requiring minimum distributions (RMDs) from qualified...
by Karen Baksa | Sep 25, 2024 | Financial Planning, Individual Taxes, Tax Tips
Here are some tips that should trigger you to conduct a full tax planning session to ensure your tax bill next year is not higher than it needs to be. 1. You owed tax last year. If you have not adjusted your withholdings, you could be in for a big tax bill. Time...
by Karen Baksa | Aug 26, 2024 | Business, Corporate Taxes, Individual Taxes, Tax Tips
When it comes to taking qualified deductions on your tax return, having proper documentation to prove your expenditure is a must. Here are some typical areas where taxpayers often fall short, costing them plenty during tax filing season and during IRS audits: Cash...
