IRS Tax Planning Ideas, Tips & News

On July 24, the Treasury Inspector General for Tax Administration (TIGTA) issued a report criticizing the IRS for hiring more than 200 employees with previous conduct and performance issues. The … [Read more...] about IRS Rehires Fired Employees with Conduct Issues

We get about 4-6 new 1040 clients every tax year who used one of the more popular software programs that allow taxpayers to self-prepare their personal tax returns. They seek our assistance when they … [Read more...] about Self-Prepared Tax Returns

Unfortunately, it is not uncommon for a taxpayer to take actions without seeking professional advice, be disappointed with the results, and then seek professional assistance to undo the damage. Often … [Read more...] about Age Discrimination Settlement Lacked Tax Planning

The IRS has begun auditing taxpayers who purchased health insurance coverage through the Health Insurance Marketplace (also known as an exchange) and reported that they were eligible for a premium tax … [Read more...] about Premium Tax Credit Verification Audit

Unfortunately, it seems that every tax season we learn that a client’s spouse passed away and there was no will. Perhaps the plan was to have this matter done at a later date. Let us assure you … [Read more...] about You Need to Update Your Beneficiaries

In vitro fertilization (IVF) is an expensive medical procedure whereby an egg is fertilized by sperm in a test tube or elsewhere outside the body. An IVF procedure can be tax deductible as a medical … [Read more...] about Know the Tax Rules If Considering In Vitro Fertilization