Taxes

Do I Need a Separate Tax Advisor?
Taxes

Do I Need a Separate Tax Advisor?

Derek Burnett | February 19, 2024

A separate tax advisor can provide tax advice, preparation, and filing services that other financial advisors may not be the best available for.

Hidden Tax Trap in New RMD Rules
Taxes

Hidden Tax Trap in New RMD Rules

Robert Carlson | February 8, 2024

New rules postpone the start of required minimum distributions (RMDs) until age 73—but not withdrawing money from traditional IRAs and…

You Can Dispute Your Property Taxes…and Win
Taxes

You Can Dispute Your Property Taxes…and Win

Ed Tomlinson | January 21, 2024

Property tax assessments are generated by computers without a human ever looking at the property—and they often are wrong. What…

Pros and Cons of Married Filing Separately
Tax Planning

Pros and Cons of Married Filing Separately

Damien Martin, CPA | January 7, 2024

You married your spouse for better or worse—not to file your taxes jointly. According to the most recent IRS statistics,…

Year-End Tax Planning for 2023
Tax Planning

Year-End Tax Planning for 2023

Maryann Reyes, CPA, PFS | November 4, 2023

Even though the deadline for filing 2023 income tax forms is months away, the time to consider certain tax-related matters…

Six Tax-Saving Opportunities
Cutting Taxes

Six Tax-Saving Opportunities

P.J. DiNuzzo, CPA | September 20, 2023

Scattered throughout the Tax Code are oft-overlooked opportunities to trim your tax bill—or even score a free lunch. But if…

Giving a Gift? Avoid These Tax Reporting Mistakes
Taxes

Giving a Gift? Avoid These Tax Reporting Mistakes

Martin Shenkman, CPA, JD | August 24, 2023

If you give someone a big gift, the IRS will have a gift for you, too—a tax form that’s a…

Time to Prepare
Taxes

Time to Prepare

Maryann Reyes, CPA, PFS | May 20, 2023

Certain tax code changes taking effect now could impact the financial decisions you make throughout the rest of this year.…

Protect Your Profits
Taxes

Protect Your Profits

Jeffrey G. Olson, CPA | May 5, 2023

Thinking of selling your house? Not surprisingly, the IRS wants its share. Over the past five years, home prices have…

Thinking About Selling Your Business?
Taxes

Thinking About Selling Your Business?

Robert Keebler, CPA | April 10, 2023

The sale of a business can be a ­pivotal event in an entrepreneur’s life—years of hard work can produce a…

Lessons From US Tax Court
Taxes

Lessons From US Tax Court

Maryann Reyes, CPA, PFS | April 3, 2023

Taxpayers beware! Much of the $80 billion in new funding for the Internal Revenue Service will be used to scrutinize…

The IRS Is Watching How You Give Money to Family
Taxes

The IRS Is Watching How You Give Money to Family

March 9, 2023

Taxpayers often act as if intra-family transactions are private, informal affairs free from any outside oversight—after all, spouses typically can…

Tax Deductions 2023: Don’t Overlook These Write-Offs
Taxes

Tax Deductions 2023: Don’t Overlook These Write-Offs

Barbara Weltman, Esq. | January 18, 2023

Whether you take the standard deduction or itemize for the 2021 tax year, here’s what deductions you can take, including what has changed.

More Tax Audits On The Way
Taxes

More Tax Audits On The Way

Abby Eisenkraft, EA | January 18, 2023

The IRS has received nearly $80 billion in new funding and is using that money to go on a hiring…

New Rules Mean Higher Taxes for IRA Trusts
Taxes

New Rules Mean Higher Taxes for IRA Trusts

Ed Slott, CPA | December 21, 2022

If you named a trust as your IRA’s beneficiary, it’s time to revisit—and perhaps revise—that plan. Under the terms of…