Tax Day!
An amazing passage.. As your income taxes come due, you might be like many people—complaining at what you have to fork over to the government. Forty percent of everything I make goes to these people? And for what?! First off, […]
taxes
PSA: Tax Scams to Watch Out For
While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it’s in your best interest to always be vigilant so you don’t end up becoming the victim of a […]
Checklist for Year-End Tax Planning
Tax planners often develop checklists to guide taxpayers toward year-end strategies that might help reduce taxes. Typically, suggestions are grouped into several different categories, such as “Filing Status” or “Employee Matters,” for ease of reading. When year-end approaches, it might […]
The Tax Man Comes Every Quarter
What is it? Estimated (quarterly) tax payments are the actual installment payments you forward to the IRS on a quarterly basis. Here is a step-by-step procedure to use when calculating the installment amounts. Projecting your expected tax for the year […]
What Does Stepped-Up Basis Mean?
Clients and friends are always asking me financial questions. You might have similar questions so I have decided to share them with you. I will try and post at least 1 per week. What is a stepped-up basis for […]
