"Information is the resolution of uncertainty."

Claude Shannon
August 23, 2021
Should You Opt Out of the Advance Child Tax Credit?

If you have children under the age of 18, by now you likely have gotten your first advance child tax credit payment, either by check or by direct deposit.

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August 19, 2021
4 of the Most Common IRS Tax Problems

For years, politicians have been talking about simplifying the process of filing federal taxes, but despite the promises, the process continues to be complicated and stressful.

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August 16, 2021
Small Businesses: Here’s How the U.S. Supreme Court Wayfair Decision Affects You

If you are a small business owner, chances are good you’re paying more attention to your accounts receivables and deliverables than to a three-year-old Supreme Court decision.

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August 13, 2021
Tax Ramifications of Disposing of a Vehicle

If you are buying a new car, are you wondering what to do with the old one? You actually have a number of options, some of which have tax implications.

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August 9, 2021
Big Mistake: Filing Your Tax Return Late

Three bad things happen when you file your tax return late.

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August 7, 2021
Getting Married and Related Tax Issues

Most weddings planned for 2020 were delayed because of COVID, causing a big upswing in the number of weddings in 2021.

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August 5, 2021
Know Why the Court Denied Losses on Four of Six House Rentals

If you own rental properties that can provide you tax shelter with their losses and your Form 1040 adjusted gross income is less than $150,000 (without considering rental losses), you need to overcome the tax code passive loss rules.

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August 2, 2021
Minimizing Tax on Social Security Benefits

Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues. The following facts will help you understand the taxability of your Social Security benefits.

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July 31, 2021
Congress Introduces Tax-Preparer Regulation Legislation

Anyone preparing a tax return for compensation must have a PTIN issued by the IRS, but there are no requirements associated with obtaining a PTIN—no advance training, no continuing education, and no ethical standards to abide by.

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