Reduce Your Taxes by Putting the Right Assets in Your IRA

April 1, 2024 | 0 views

Most people know the basic concept that certain types of investment accounts are tax sheltered while others are not. Think 401(k), 403(b), IRA and Roth IRA accounts, for example. What most people are not aware of is how you split...

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U.S. Beneficial Ownership Information Reporting Begins

March 1, 2024 | 0 views

The U.S. Treasury recently enacted a new reporting requirement aimed at quashing illicit financial transactions. The agency believes that corporate anonymity is enabling money laundering, terrorism, and drug trafficking. As part of the 2021 Corporate Transparency Act (CTA), certain companies...

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How to be Your Tax Pro’s Favorite Client this Tax Season

February 1, 2024 | 0 views

Why on earth, you may ask yourself, would I care about being a good client to my tax prep professional? I mean, you are a paying client, and aside from treating them with the same decency and respect that you...

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IRS Plans to Shake Up Leadership

January 1, 2024 | 0 views

The top leadership in the IRS is set to change. IRS Commissioner Daniel Werfel believes the changes are needed for the agency to meet its new goals. He aims to create greater flexibility and efficiency over the agency by streamlining...

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The 2023 Tax Planning Guide

December 1, 2023 | 0 views

It's that time of year again: time for year-end tax planning. With the end of 2023 coming fast, the time to act is now. In this article, we'll look at the moves you can make to optimize your tax situation...

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