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The Impact of IRS Layoffs

The Impact of IRS Layoffs

During the recent chaos of Federal employment moves over the past couple of weeks, two actions will impact how filing your tax return this year could go and how to prepare accordingly. Voluntary termination After being offered voluntary termination, approximately...
Watch Out for These Tax Myths

Watch Out for These Tax Myths

MYTH: /miTH/ (noun) – a widely held but false belief or idea Many myths about the IRS and the tax code have been amplified online in recent years. Here are several myths that if you believe them, could leave you with an expensive tax surprise. Myth #1: Retirement...
Handling Wrong Information on Tax Forms

Handling Wrong Information on Tax Forms

You may receive a tax document with incorrect information. You may also discover that a tax form you’re expecting was never delivered. Here are several situations you may encounter with incorrect information and what you can do about it. Situation: You receive a tax...
When to Consider Filing Your Tax Return Early

When to Consider Filing Your Tax Return Early

The IRS has officially opened the 2024 tax filing season! But when should you file your return? While some may benefit from waiting, there are several good reasons to file early. Get Your Refund Faster 💰 If you’re expecting a refund, why let the government hold onto...
It’s 2024 Tax Preparation Time

It’s 2024 Tax Preparation Time

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...
New Year Financial Review Checklist

New Year Financial Review Checklist

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...
Tax Efficient Retirement Requires Planning

Tax Efficient Retirement Requires Planning

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...
Tax Tips for Those Getting Married

Tax Tips for Those Getting Married

If you recently got married, plan to get married, or know someone taking the matrimonial plunge, here are some important tax tips every new bride and groom should know. Notify Social Security. Notify the Social Security Administration (SSA) of any name changes by...