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An All-In-One Wealth Transfer Checklist

An All-In-One Wealth Transfer Checklist

Jun 7, 2019 | Pension Parameters, Retirement Plans, Retirement Reality, Savings and Spending, tax benefits, Tax deductible, Tax Planning and Deductions

Talk with your loved ones about transferring assets and protecting your legacy. Key takeaways Talking with family members about plans to protect and transfer assets can help avoid unwelcome surprises after you or your spouse dies. Choosing the appropriate people to...
IRS: Home Office Deduction Often Overlooked by Small Business Owners

IRS: Home Office Deduction Often Overlooked by Small Business Owners

May 31, 2017 | Do You Know, Retirement Plans, Small Business Needs, Tax deductible, Tax Planning and Deductions

Regular Method The first option for calculating the Home Office Deduction is the Regular Method. This method requires computing the business use of the home by dividing the expenses of operating the home between personal and business use. Direct business expenses are...
Tax Time Guide: ‘Where’s My Refund?’ Tool Best Way to Check Tax Refund Status

Tax Time Guide: ‘Where’s My Refund?’ Tool Best Way to Check Tax Refund Status

Apr 7, 2017 | Boomer Retirement, Company Retirement Plans, Retirement Plans, Tax deductible, Tax Planning and Deductions

OK, you filed your 2016 returns some time ago, so where the heck, you’re wondering, is the refund?  The IRS addresses the issue, reminding taxpayers “that while more than 90 percent of federal tax refunds are issued in 21 days or less, some refunds may take longer....
IRS Has Refunds Totaling $1 Billion for People Who Have Not Filed a 2013 Federal Income Tax Return

IRS Has Refunds Totaling $1 Billion for People Who Have Not Filed a 2013 Federal Income Tax Return

Mar 23, 2017 | Do You Know, Tax deductible

So, you neglected to file a 2013 federal income tax return because . . . well, who knows why. If that’s you, check out this announcement from the IRS: WASHINGTON — The Internal Revenue Service announced that unclaimed federal income tax refunds totaling more than $1...
EXCESSIVE CLAIMS FOR BUSINESS CREDITS MAKES THE “DIRTY DOZEN” LIST OF TAX SCAMS

EXCESSIVE CLAIMS FOR BUSINESS CREDITS MAKES THE “DIRTY DOZEN” LIST OF TAX SCAMS

Mar 4, 2017 | Retirement Plans, Tax deductible, Tax Planning and Deductions

The Internal Revenue Service warned that taxpayers should watch for improper claims for business credits, which is on the “Dirty Dozen” list of tax scams for the 2017 filing season. Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers...
TIPS FOR THE 2017 TAX SEASON: MOVES TO MAKE

TIPS FOR THE 2017 TAX SEASON: MOVES TO MAKE

Dec 17, 2016 | Retirement Plans, Tax deductible, Tax Planning and Deductions

Currently, there is no shortage of articles on tax tips and preparations for the tax season, and one of the best we’ve read is by Judy O’Connor for bankrate.com. Here are several of her “savvy tips for tax-filing season.” Maximize retirement plan contributions “If...
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