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Tax Planning

Don’t Think You Have to File a Tax Return? You May Be Missing Out!

Don’t Think You Have to File a Tax Return? You May Be Missing Out!
These days the tax return is used for more than just collecting taxes. It has also become a tool for the government to provide social benefits. This a…

Video Tips: Tax Forms Coming to Your Mailbox for This Tax Season

The tax season is coming and documents reporting income, sales and other items needed for your 2021 tax return should be arriving soon. Here are some of the common tax forms you need to be on the lookout for depending upon your particular circumstances.

Another Rough Tax Season for IRS and Taxpayers?

Another Rough Tax Season for IRS and Taxpayers?
This could be another rough tax season for the IRS and taxpayers. Although this year’s filing season opens January 24, 2022 (i.e., it is the first d…

Planning for a Child’s College Expenses Should Start Early

Planning for a Child's College Expenses Should Start Early
Some in Congress have proposed “free” (i.e., government-paid) tuition for community college attendance. Even if that proposal were to beco…

January 2022 Business Due Dates

January 2022 Business Due Dates
Here are the January 2022 Business Due Dates…

Video tips: A Quick Reminder about Forms 1099-NEC & 1099-MISC

Businesses are required to file Form 1099-NEC if they pay an independent contractor more than $600 this year. Watch this quick video for some other details you may want to know.

Video tips: How to Prepare for Your 2021 Tax Return

Preparing for your tax return beforehand can help avoid mistakes and reduce delays in receiving a tax refund. Watch this video for simple steps that you can take to be ready for your tax return in 2022.

What Is Tax Basis and Why Is It So Important?

What Is Tax Basis and Why Is It So Important?
For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For instance, if you purchase shares of a stock fo…

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