A tax attorney recently shared this story with us. It illustrates the complexity of the Internal Revenue Code and how ignorance of the tax laws can be devastating for someone who doesn’t use a tax … [Read more...] about TAX PROBLEMS OF ACCIDENTAL AMERICANS
IS YOUR FINANCIAL ADVISOR WORKING IN YOUR BEST INTERESTS . . . OR HIS?
Do you know if your financial advisor is working for you? Before you assume that is the case, do you understand the difference between “fiduciary” and “suitability standards”? The Obama Administration … [Read more...] about IS YOUR FINANCIAL ADVISOR WORKING IN YOUR BEST INTERESTS . . . OR HIS?
PROFIT MOTIVE NEEDED TO DEDUCT TAX LOSSES
If you are using your tax professional only for tax preparation services, you are short-changing yourself. An experienced tax professional is an excellent resource for tax planning strategies. One … [Read more...] about PROFIT MOTIVE NEEDED TO DEDUCT TAX LOSSES
PROCRASTINATION – PROBLEMS ARISE WHEN FILING FORM 1040 LATER RATHER THAN SOONER
When working with clients on tax preparation and tax planning, we recommend that our clients file their individual tax return, Form 1040, as early as possible. The due date for filing Form 1040 is … [Read more...] about PROCRASTINATION – PROBLEMS ARISE WHEN FILING FORM 1040 LATER RATHER THAN SOONER
OBAMA & CONGRESS WANT TO CLOSE 3 RETIREMENT LOOPHOLES
Reuters has reported Click Here to Read Full Article that President Obama and Congress are looking to close 3 tax loopholes. The first loophole is one that we discussed in our March 7, 2012 Blog … [Read more...] about OBAMA & CONGRESS WANT TO CLOSE 3 RETIREMENT LOOPHOLES
CORROBORATION BETWEEN PA DOR AND LOCAL EIT TAX COLLECTORS
As a taxpayer, you may receive a letter from the local tax collector (e.g., Berkheimer, Keystone Collections Group) that states that the income that was reported on your local earned income tax (EIT) … [Read more...] about CORROBORATION BETWEEN PA DOR AND LOCAL EIT TAX COLLECTORS
