“Don’t Lose Millions OverOne Missed Election” To get my complete article with all the details… I’ve seen this one trip up even very careful practitioners—and the cost can be staggering. Here’s what caught my attention: There’s also a commonly misunderstood “simplified” method that looks like a shortcut—but in the wrong situation, it can backfire in a very … [Read more...]
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The Hidden Advantages Behind Filing a Gift Tax Return
“The Hidden Benefits ofFiling a Gift Tax Return” To get my complete article with all the details… Most people hear “gift tax return” and think of paperwork they’d rather avoid. But here’s the surprise: filing Form 709 can actually protect you, save your family headaches later, and even lock in tax benefits the IRS can’t challenge after three years. If you’ve given … [Read more...]
Wildfires, Floods, Hurricanes Can Produce Tax Deductions
“Deducting Disaster Losses for Individuals:Navigating the Rules” To get my complete article with all the details… Wildfires, floods, hurricanes—disasters. The financial toll can be devastating. You can deduct some disaster losses from your taxes. New rules allow certain disaster losses with amended returns for closed years. Recent changes to tax laws have made it … [Read more...]
The IRS Has Your Back in Times of Disaster
“Wildfires, Floods, Hurricanes:How the IRS Has Your Back” To get my complete article with all the details… Wildfires, Floods, Hurricanes—What’s the IRS Got to Do With It? When disaster strikes, the last thing you need to worry about is your tax bill. But did you know the IRS has a host of tax relief provisions designed to ease the financial burden for those affected … [Read more...]
Don’t Miss This: Critical Update on the 2021 ERC
“Do You Now Need to AmendYour 2021 Tax Return for the 2021 ERC?” To get my complete article with all the details… Are You Prepared to Amend Your 2021 Tax Return? If you claimed the Employee Retention Credit (ERC) for 2021 but haven’t yet amended your tax return, you might be on a collision course with the IRS. Here’s what you need to know: Ignoring this could … [Read more...]