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Know when to keep or throw out your tax records. Here is what you need to know.

Those Pesky Records! - What do I need to keep? Know when to hold them. Know when to toss them. Tax record retention basics can be found here.

Reminder: 3Q estimated taxes due Wednesday, September 15.

Reminder: Third Quarter Estimated Taxes Due - Make your estimated tax payment now If you have not already done so, please plan to make your second quarter estimated tax payment. The due date is Wednesday, September 15th.

The IRS assumes you'll charge interest if you make personal loans, even to friends and family. Even if you don't charge interest, you'll owe tax on an assumed rate of interest.

Avoid Tax Traps with Loans to Friends and Family Lending to friends and relatives can be tricky, and not only because of the stress it can place on your relationships. There are tax issues involved as well. Here's what you need to know.

Now is the time to lower this year's tax bill! Here are ideas to do that PLUS save valuables from thieves.

Client Update Newsletter: September 2021 With a little over four months remaining until you can begin filing your 2021 tax return, now’s the time to kick your tax planning into high gear. Also read about several tips to protect your property BEFORE thieves arrive, how to give your business a financial check-up, and becoming aware tha...

Within each tax surprise is a common lesson. Here is an actual story that cost $24,000 and a lesson for everyone.

The $24,000 Tax Time Bomb - A key lesson within EVERY tax surprise Tax surprises come in many forms. But the cause is universal. Here is an example.

Being married can be bliss, but often not within the tax code. Here are some pitfalls of being married in the eyes of the taxman.

The Marriage Penalty: Alive and Well in the Tax Code - Couples filing jointly still get the short end of the stick There are a lot of positive things about getting married, but the IRS' marriage penalty isn't one of them.

Living in another state to work remotely or to retire often causes tax problems. Here is what you should know.

You Owe Us, Not Them! - State tax authorities clamp down Suppose you work or retire in a new state with warm weather and lower taxes. If you keep a home in your original state or you later decide to return, you could have a tax problem. Here are some tips to help you stay on the right side of the state taxman.

The amount of your tax bill is often dependent on your age and the age of your children. You need to plan accordingly. Here are the details.

The Tax Impact as Your Children Grow Up - Prepare now for potential income tax hits As your children age, you can easily be surprised by a larger tax bill. To help ease the possible burden, here are some possible tax hits to prepare for as your children grow older.

Advance child tax credit payments are now being paid. Learn how to find the best bank for you, and how to protect your privacy from prying eyes watching everything you do.

Client Update Newsletter: August 2021 Summertime means the 2020 tax filing season is firmly in the rearview mirror for millions of Americans! This year, summer also means more money for you thanks to the child tax credit advance payments. Find out what you need to know about these payments in this month’s newsletter. Also read abo...

Retirement account investments in mutual funds come with hidden tax traps and benefits. Here are some of them.

Tax Planning with Mutual Funds - Ten ideas to maximize the benefits of your investments Want to get the most out of your investments? Here are ten great ideas.

If you use an installment sale to sell property, you may save on taxes by spreading out the tax over a number of years. But be careful! If not properly planned, you may have a nasty tax surprise.

Understanding Tax Terms: Installment Sales If you use an installment sale to help sell property, including real estate, you can benefit from tax deferral and possibly lower your overall tax bill. But watch out for some tax surprises.