Archives for December 2017

If you are self-employed and procrastinate filing your personal income tax returns, you not only run the risk of losing a tax refund because your Form 1040 return was filed after the statute of … [Read more...] about How to Lose Social Security Benefits

Remember the days when Swiss banks (as well as banks in other countries) refused to reveal their customers’ names? Some very wealthy Americans placed their assets in these foreign banks to hide them … [Read more...] about Crypto Currency and Taxes

Tax Rule Changes Regarding Sale of Stock New Rule Becomes Effective January 1, 2018 Effective January 1, 2018, assuming that the proposed tax law changes go into effect, taxpayers will no longer … [Read more...] about Tax Rule Changes Regarding Sale of Stock

A new client recently walked into our office. He had been self-preparing his personal tax returns for quite a few years using TurboTax and received an audit inquiry from the IRS. He did what many … [Read more...] about $10,000 Self-Prepared Form 1040 Error