IRS Tax Planning Ideas, Tips & News

Financial planning includes periodically meeting with an experienced estate tax attorney to ensure that one’s estate plan is current and meets the objectives of the individual. When meeting with legal … [Read more...] about Revocable Trust vs. Irrevocable Trust

Eric Sorensen of WSU News has reported that “The next time you want to tweet something about how much you hate paying taxes, or what you did with your huge tax refund, you might want to rethink it.” … [Read more...] about Are You Are Being “Liked” by the IRS

If your employer has a 401(k) plan, the plan likely has a provision that allows you to borrow from the plan. Although the plan will charge you interest on the amount borrowed, the repayment of the … [Read more...] about The Cost of Borrowing from Your 401(k) Plan

Tax jurisdictions are prime targets for hackers and scammers. Identify theft of a person’s social security number, date of birth, W-2 information, and other data allow thieves to file false tax … [Read more...] about Will Tax Returns Require a Selfie?

There are many taxpayers who experience great angst to learn that their return cannot be filed by the due date of April 15 and need to file for an extension of time to file until October 15. There are … [Read more...] about Filing an Extension of Time to File Form 1040 – The Good, the Bad and the Ugly

The 2015 Protecting Americans from Tax Hikes Act (Act) required that colleges and universities (colleges) report the actual amount paid by students (or their parents) for qualified tuition expenses. … [Read more...] about Will Colleges & Universities Finally Be Required to Properly Complete Form 1098-T