We are in the midst of hurricane season and while most of us do not have to worry like some, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. Taxpayers, whether individuals, organizations or businesses, should take time now to create or update their emergency plans. So, even though we may not […]
IRS scams and phishing, identity theft, this scam, that scam — What’s This World Coming To? Scammers are creative. Must be nice not to have anything else to do but come up with new ploys to intimidate and steal from law-abiding citizens. The elderly are particularly vulnerable in these ploys and so easily fall prey […]
Just when you have finally put last year’s tax returns away, you get a piece of mail that requires you to revisit your return and possibly amend the same. Don’t panic. It’s not as bad as you think. You may have received a notice that the IRS changed a calculation on your return. If you […]
One might think that since April 15 has passed, so has the season for tax scams. Think again. There is no season for tax scams. They occur 365 days a year. The IRS has reported a couple of new variations of tax-related scams. They call one of them the SSN HUSTLE. In this scam, the […]
Certain taxpayers might get a letter from the IRS this year. It’s called an IRS Notice CP 2000. It gives detailed information about issues the IRS identified. The IRS sends this notice when information from a third party doesn’t match the information the taxpayer reported on their tax return. The notice also provides steps taxpayers […]
Everyone wants to make the best return on their hard-earned money and many people shop around to find the best interest rate. In our world today, we may find better rates at on-line banking sites than we can find in our brick and mortar banks. BUYER BEWARE! In working on an estate recently, the decedent […]
As we look back in history, the memorialization of the deceased have been very diverse among the cultures of our world. In the U.S., we see a mix of the different cultures based upon personal preferences as well as religious beliefs. So, what is ahead in the future with regard to dying and memorialization of […]
During my career of doing estate administration, I found in the earlier years that the beneficiaries were more appreciative of what they received. The children got along and all was well. However, our society has changed and now there are many cases ending up in court to settle matters which were not able to be […]
I know you keep hearing about online security and soon you will say, if you haven’t already, that I am like a broken record. But in today’s world, one cannot be too safe or secure. Cookies on the internet are tiny files that are transferred to your computer from websites you visit. This is a […]
You think about it but are concerned about a large capital gain if you have owned your home for several years. You don’t want all of the profit to be spent in paying capital gains’ tax. Do not fear. There is good news for sellers. When you file your income taxes for the year of […]
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