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Prepare Your Tax Return
I hope that you and your loved ones continue to be safe. We will get through it!The institutions or individuals that you transacted business with or hired you are required by law to send a copy of every applicable tax documents to you, the Social Security...
Could you Claim a Tax Deduction for Casualty and Theft Loss?
It's a good time to have comprehensive review of your insurance coverage to ensure that your properties and valuables are adequately protected.Under current tax law, taxpayers can no longer claim a deduction for casualty and theft loss on their tax return unless it is...
Are You Getting Ready to Benefit from the CARES Act?
Individuals and business owners can plan to minimize their tax liability regardless of their income, the size or revenue of their business. Be ready to benefit from the tax provisions of the CARES Act!Some new tax savings favorable provisions from the CARES Act to...
Could your Tax Debts Go Away?
I hope that you and your loved ones continue to be safe.We will get through it!A tax debt should not be taken lightly. The Internal Revenue Service has several means available to enforce compliance and payments. Even during the pandemic not all tax debts...
Hurricane Season is fast approaching!
It's a good time to have a comprehensive review of your insurance coverage to ensure that your properties and valuables are adequately protected.Under current tax law, taxpayers can no longer claim a deduction for casualty and theft loss on their tax return unless it...
Why So Many Taxpayers Are or Would be in Trouble?
Some taxpayers have a schedule A or Schedule C illegally attached to their Form 1040 that causes in some cases an understatement of tax liability and in other cases an overstatement of refund. Taxpayers who knowingly or...