Taxpayer Bill of Rights

by Admin | Jul 14, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning, Tax Scams

All taxpayers have a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The Right to Be InformedThe Right to Quality ServiceThe Right to Pay No More than the Correct Amount of TaxThe...

Is Your Will or Trust Up to Date?

by Admin | Jul 5, 2022 | Individual Taxes, Retirement, Tax Planning

When was the last time you or your attorney reviewed or updated your will or trust? If it was some time ago before the passage of substantial tax law changes over the past few years, your documents may be out of date. Among the many changes was a substantial revision...

IRS Announces Mid-Year Optional Vehicle Mileage Rate Increase

by Admin | Jul 1, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning

With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use instead of keeping a record of actual expenses. Sure enough, the IRS recently announced a 4-cent increase in the optional mileage rate...

Forgot Something on Your Tax Return? It’s Not Too Late to Amend the Return

by Admin | Jun 30, 2022 | Individual Taxes

If you discover that you forgot something on your tax return, you can amend that return after it has been filed. The need to amend can include a number of issues: Receiving an unexpected or amended K-1 from a trust, estate, partnership, or S-corporation.Overlooking an...

Important Times to Seek Assistance

by Admin | Jun 23, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Retirement, Tax Planning

Waiting for your regular appointment to discuss current tax-related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year-end. Generally, you should call this office any time you have a substantial...

A Tax Checklist for Newly Married Couples

by Admin | Jun 18, 2022 | Individual Taxes, Tax Planning

Below are some factors individuals should do after getting married regarding their taxes: Name and address changes: Individuals who change their name after getting married should report their name change to the Social Security Administration ASAP. The name on...