Alimony Tax Law: What You Need to Know Changes to the alimony tax law may have a considerable impact on your taxes moving forward. For those of you whose divorces are finalized by December 31, 2018, everything remains status quo. What does that mean? Under current regulations, the payer of alimony may deduct that money
IRS Scam Calls and Emails – What to Know and What to Do February, March, and April are the busiest times of year not only for accountants but also for IRS scam calls. Tax season heightens the activities of cyber thieves out to steal your money and identity. While you are busy gathering up all
The 20 Most Overlooked Tax Deductions What would you say if you knew that each year you were leaving tax deductions on the table that could have put money back in your pocket? You probably would not be happy, but, unfortunately, that is what is happening all across the country, not just here in Coral
New Marriage Tax Penalty When romance is in the air, and the proposal has been accepted, it is time to talk about the marriage tax penalty. While not romantic, it is a fact of life that a change in marital status can affect your tax bracket – sometimes for the better – sometimes for the
Year-End Tax Planning for Subchapter S Corporations S Corporations can help save small business owners tax. By working with an experienced and knowledgeable certified public accountant, you can reduce your overall tax burden and reap some positive benefits at the same time. It is vital to get credible year-end tax planning for Subchapter S Corporations
Tax Records – What to Keep and What to Toss Now is the time to go through your boxes, bins, folders, and files of tax records and discard what you do not need. Not only will you clean out your office or home, but you may find receipts you forgot you had. Think additional deductions
Mid-Year Tax Planning Made Easy Every January, people start to feel the stress of gathering a year’s worth of records, receipts, bank statements, and other information necessary for the purpose of tax filing. A little bit of mid-year tax planning can reduce that stress and help you get a jump on your 2016 taxes. As
Tax time is one of the most stressful times of the year for many people. The best way to make it as painless and easy as possible is to be prepared. That means keeping receipts, bills, and any necessary records all in one place throughout the year. Unfortunately, many people do not find themselves in