We are now beyond February 15 when income tax information was to have been sent out. If you haven’t already prepared your return, here are some tips to help ease the process: Did you know that there is an IRS webpage called the Get Ready page that includes steps to take. Check it out on […]
Below is a notice published by the IRS with regard to the upcoming Presidents Day holiday and the increased calls with the IRS and what you might be able to find online to answer your questions. Hope it helps. IRS: Avoid the rush over Presidents Day holiday; online tools, resources can help WASHINGTON — With […]
Are you lucky enough to be receiving a refund for overpayment of income taxes? Here are some tips from the IRS on receiving that refund quicker. For a faster refund, choose e-file Electronically filing a tax return is the most accurate way to prepare and file. Errors delay refunds and the easiest way to avoid […]
You may notice several of the following items that may affect your individual income tax return: A change in the tax rates which should result in most people paying less tax during the year. However, the increase in the standard deduction, suspension of personal exemptions, an increase in the child tax credit and the limiting […]
Tax season is upon us and we have begun to receive those pieces of mail marked “Tax Information – Important”. So now what? Here are some suggestions to help ease the stress of tax season. Where do we start? The best place to start is to find a copy of last year’s return. Even if […]
Last week we started our check on our resolutions and we will wrap up our suggestions this week. ARE YOUR HARD-EARNED ASSETS WORKING FOR YOU? If you have a savings account or certificates of deposit, are you getting the best interest possible on these assets? If you have a brokerage account, are your assets working […]
So, we are in the first full week of January and life is regaining a normal routine. How are you doing on your resolutions? Last week, Yasmeen Khaleel gave a list of suggestions of areas to address with regard to estate planning. If you read that blog, have you even given it any further thought? […]
NEW YEAR’S RESOLUTION WELCOME 2019! The new year is upon us and like most individuals, you may have made resolutions for the new year. Often times when making resolutions, we forget to address the important matters and I challenge you this year to think outside the box and make a resolution to address your estate […]
It is hard to believe that 2018 will soon give way to 2019. Where does the time go? When I was younger, whenever I would wish for some date in the future to be here – my birthday, the end of school, a special event, my mother would tell me not to wish my life […]
With the Tax Cuts and Jobs Act of 2017, the increased gift and estate tax exclusion amounts are set to sunset in 2025. The exclusions are $11.2 million in 2018 and will increase each year until 2025, indexed for inflation. But, what will happen if you make a large gift now? Will you risk the […]
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