by Jonathan Bill | Jun 15, 2022 | General Info, Personal, Retirement
A new information policy will soon impact your 401(k) statements, thanks to the Secure Act, which was passed in 2019. The legislation requires special disclosures be added to your quarterly statements issued after June 30. In addition to the basic information about...
by Jonathan Bill | Jun 6, 2022 | General Info, Personal, Tax Season
With today’s hot real estate market, you may be considering selling your home. Before you do, consider these possible repercussions to your federal income tax: Gains & Losses If you sell your main residence and have a gain from the sale, you may be able to exclude...
by Jonathan Bill | May 23, 2022 | IRS, Personal
If your child is graduating from high school this year, congratulations! You’re obviously very proud. But you may also be more than a little worried about how to pay for higher education. Whether it’s specialized job training or an advanced degree, there are a lot of...
by Jonathan Bill | Apr 6, 2022 | Personal, Tax Season
When you earn several types of income throughout the year, it’s easy to lose track and forget to report some. The IRS does not forget, however. So be sure to report: Gig Work This is income earned providing on-demand work, services or goods, often through a...
by Jonathan Bill | Feb 23, 2022 | IRS, Personal, Tax Season
Do you have a legal agreement with your child’s other parent about who claims the child on their taxes? If so, you may have some questions about how to handle the Child Tax Credit and the 2021 Recovery Rebate Credit when filing your tax return. Economic Impact...
by Jonathan Bill | Feb 10, 2022 | Biz Taxes, Personal, Tax Season
Please note the following deadlines for providing your materials to us in time for the tax-filing deadline: March 1: Corporate/Partnership Tax Returns to file by March 15 (without extension). March 25: Personal Tax Returns to file by April 18 (without extension). You...
