Offering time-saving alternatives to a telephone call, the Internal Revenue Service reminds taxpayers they can get fast answers to their refund questions by using the “Where’s My Refund?” tool available on IRS.gov and through the IRS2Go app. The IRS issues nine out of 10 refunds in less than 21 days, and the fastest way to get a…
Read More...Tax Implications
Everything you do can have tax implications. If you change jobs, it can affect your total income, either up or down depending on the new job. Marriage, divorce, birth of a child, adoption, or the death of a spouse will change your tax situation. If you sell your home, you may be subject to capital…
Read More...Roth IRA Rules and Contribution Limits 2020
Article written by Kara Perez for Investor Junkie Newsletter A Roth IRA is a type of retirement-focused investment account that lets you withdraw your earnings without paying a tax penalty. But there are specific rules you must follow for making contributions and withdrawing funds. While Roth IRAs are handy accounts, they may not be the…
Read More...Teach Your Children Financial Independence
This article was written by Michelle Brownstein, CFP and published by Kiplinger. The term “boomerang kids” has, unfortunately, become part of the popular lexicon to describe grown children who leave their parents’ home only to return when they aren’t able to achieve financial stability as an adult. According to the Pew Research Center, only about a…
Read More...Schedule Your Tax Appointment on My Website
By now you should be receiving your tax documentation for preparing your income taxes. Make sure you have your W-2’s, 1099’s for miscellaneous income and for IRA withdrawals, social security statements, mortgage statements showing interest and property taxes. Other items can include student loan documents as well as 529 contributions. If you have a small…
Read More...It is Tax Time!
Happy New Year! It is that time of year again! The time when most individuals start thinking about their tax refund and hope to get it as soon as possible. While we make sure that we process your tax return efficiently, it can only get done if the information given is correct and supported by…
Read More...Changes to IRA rules
Information provided by Edelman Financial Engines. Friday night, the SECURE Act (short for Setting Every Community Up for Retirement Enhancement Act) was signed into law by President Trump. It becomes effective on Jan. 1. The SECURE Act is the most significant piece of retirement legislation since 2006, with dozens of new or improved features that…
Read More...Make an appointment
There is still time to make changes for the 2019 tax year to keep you from being taxed and penalized more than you want. I am willing to help you plan even if you do not use my tax preparation service. The fee is $75 for one hour of my time. Bring the documents that…
Read More...Tax Planning
Everything you do can have tax implications: changing jobs, leaving a job to become self-employed, marriage, birth of a child, and even selling your home. Let’s sit down together and discuss what changes you are making so we can be proactive so you don’t have a shocking tax bill come spring. There is still time…
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Out-Of-The-Box Careers from Forbes Career Newsletter
If you are into out-of-the-box job options, then you have a lot of opportunities to make some great bucks. While most gig workers settle in to rather standard work (e.g., content writing, IT consulting), there are some unique and off-the-wall gigs that pay well and allow some fun at the same time. Others require specific…
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