Bitcoin rose from $8,000 per coin to over $40,000 in less than a year! That’s awesome, but now you have gains to account for in your tax return! Our...
With home sales up in our area we are getting calls with questions about capital gains tax. Let’s see if our answer helps you! Trying to sell the home...
Paper Returns Backlogged Reports are telling us that paper returns are resulting in long delays. The IRS was forced to suspend the processing of paper tax returns, and as...
Have you received your stimulus payment? The first round of stimulus payments has resulted in deposits in many of our bank accounts. Let’s be clear about why some people...
More time to pay…and now more time to file If you’ve been following the news, and most of us have, you’ve heard about the extra time the Federal Government...
April 15th is a date common to all of us – it is the deadline for filing most tax returns. But there are other dates we need to know...
The IRS has recently passed legislation that reduces the amount of charitable deductions to state funds that you can claim on your federal tax return. This is in an...
If you filed your taxes for 2018, owed money but have not paid the IRS, they announced on Monday, several payment plan options. You can either pay online through...
People are feeling the impact of the new tax laws imposed by the Tax Cuts and Jobs Act (TCJA) during this first tax filing season since its implementation in...
Along with final regulations and other guidance on the new qualified business income deduction, the Treasury Department and the IRS issued a notice on a proposed revenue procedure providing...