The Internal Revenue Service has concluded its annual "Dirty Dozen" list of tax scams with a warning to taxpayers to remain vigilant about these aggressive and evolving schemes throughout the year. The information below is a reprint from IRS.gov for June. This year's “Dirty Dozen” list … [Read more...] about Warnings from the IRS About the Latest Tax Scams
Patrick Fleming
Are You Healthy Enough?
We’ve all seen those commercials with the disclaimer telling you to check with your doctor to make sure your heart is healthy enough for physical activity. My advice this month is to check with your tax preparer to make sure your tax planning is healthy enough for any life moves you might make. Most … [Read more...] about Are You Healthy Enough?
How the New Tax Law is Affecting Small Businesses
My waders are hanging by the front door. The ground under me was not very solid and I was in constant danger of losing my footing and being swallowed into the Conference Report from the recent tax law changes. That's what it takes to even try to understand the business changes, rates, exclusions, … [Read more...] about How the New Tax Law is Affecting Small Businesses
Preparing for Another Year, Another Tax Bill
Happy 2018! Last year at this time, the biggest thing to talk about for taxes was a 20-page summary of the PATH act, delays in refunds for taxpayers claiming certain credits and some changes for Arizona employers. Today, I'm beginning to wade my way through more than 700 pages of the conference … [Read more...] about Preparing for Another Year, Another Tax Bill
Receiving Credit Where Credit is Due
Now that many of you have had a chance to begin settling into the routine of having your children back in school, it might be time to take a minute or two and look at all of those forms you received at registration. While I am going to address parents whose children are in public or charter schools … [Read more...] about Receiving Credit Where Credit is Due
Breaking Even (Not Bad)
Last month I hinted at not owing taxes at the end of the year. The first way, and this should be obvious, is adjust your withholding amounts to avoid owing in the future. Generally, a mid-year review with your most recent pay stub(s), or most recent earnings and expenses if you are self- employed, … [Read more...] about Breaking Even (Not Bad)