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Tax Planning

10 Tax-Saving Strategies to Consider Before Year-End

10 Tax-Saving Strategies to Consider Before Year-End
It seems hard to believe, but the holiday season is almost upon us, and that means that the 2021 tax preparation season will soon follow. With the end…

Avoiding IRS Underpayment Penalties

Avoiding IRS Underpayment Penalties
Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of assisting t…

Tax Benefits When Saving for College Education

Tax Benefits When Saving for College Education
A common question among parents is, “How might I save for a child’s post-secondary education in a tax beneficial way?” The answer de…

Biden Administration Backs Off on Proposed Bank Transaction Threshold

Biden Administration Backs Off on Proposed Bank Transaction Threshold
Tax-compliance rates in the United States are based, in large part, on how taxpayers accrue income. Those who receive income that is reported by a thi…

Understanding the Taxation of Cryptocurrency Transactions

Understanding the Taxation of Cryptocurrency Transactions
If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax issues you nee…

Understanding Tax Lingo

Understanding Tax Lingo
When discussing taxes, reading tax related articles or instructions one needs to understand the basic lingo and acronyms used by tax professionals and…

November 2021 Business Due Dates

November 2021 Business Due Dates
Here are the November 2021 Business Due Dates…

Proposed Federal Legislation Enhances Green Credits

Proposed Federal Legislation Enhances Green Credits
If you are considering buying an electric vehicle, adding solar to your home or making energy-saving improvements to your home, you may want to wait f…

Fall Tax Planning May Be Wise

Fall Tax Planning May Be Wise
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you mon…

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