Are you aware that a final Form 1040 should be filed for a deceased taxpayer? Usually, the surviving spouse or the estate representative files a final individual income tax return for the deceased taxpayer. If there is a surviving spouse, the return is filed with the same filing status as prior returns were filed. The […]
Tax season is pretty much history unless your returns are on extension. For most people, once our tax returns are filed, we tend to not give them another thought until the beginning of the next year. To minimize your tax liability, you need to think about taxes all year round. Thinking about deductions and credits […]
(Straight from the IRS) Compiled annually, the Dirty Dozen lists a variety of common scams that taxpayers can encounter anytime. The IRS warns taxpayers, tax professionals and financial institutions to beware of these scams. This year’s list is divided into five groups. Here’s an overview of the top twelve tax scams of 2022. Potentially abusive […]
The Fourth of July is behind us and the start of a new school year will be here before we know it. If you are a parent with children going to school – including those headed off to college – you are probably already starting your “school” shopping. If you have a child headed for […]
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