by George Simpson | Feb 23, 2022 | Business News
Filing Your 2021 Taxes You need to be mindful of some issues when filing your 2021 tax return. Some of the issues include when taxes are due, potential delays in receiving refunds, Third Economic Impact Payments. Child Tax Credits, standard deduction versus itemizing,...
by George Simpson | Jan 26, 2022 | Business News
IRS Letters You Need to Save for Your 2021 Tax Return The IRS recently announced that recipients of Advance Child Tax Credits and Economic Impact Payments will receive letters from the IRS. You need to keep these letters with your tax records to help prepare your...
by George Simpson | Dec 29, 2021 | Business News
Claiming Losses from Your Small Business on Your Tax Return If you are in the situation of incurring losses greater than the income of your business, the IRS does provide the means for some tax relief. Businesses that operate as sole proprietors, partnerships, limited...
by George Simpson | Nov 23, 2021 | Business News
Should You Use Your IRA to Pay for College? The average cost of a college education is over $30,000 per year and rising. One helpful means to consider is a college savings account. Another is to tap into your IRA or Roth IRA to cover a range of college expenses.In...
by George Simpson | Nov 1, 2021 | Business News
Ruthless Tax Scams Every year the IRS criminal investigation division identifies the leading tax scams. Taxpayers need to be watchful for potential fake websites, emails or texts that may be attempts to steal your money or personal information. The IRS never initiates...
