IRAs – Watch out for August 31, 2020

IRAs: Watch out for August 31, 2020 Share on facebook Share on linkedin Hello friends! Hope you are all doing well in what must be one of the strangest times in our lives. As you may know, there have been many new laws affecting taxes and IRAs that have been passed over the last 8 […]

You Owe Money. What to do?

You Owe Money. What to do? Share on facebook Share on linkedin You owe money. What to do? You can pay now via debit or check.You can use your credit card although I highly recommend against it because of the credit card fees. If you can pay within 120 days of filing, you can avoid […]

Where’s my stimulus payment?

Where is my stimulus payment? Share on facebook Share on linkedin Good day everyone! So normally, I’d be celebrating the end of tax season today. But it has been postponed for 3 months. So instead, I have been busy reading and researching and trying to share information to my clients and friends about what is going […]

The World is Changing and so is the IRS

The World is Changingand so is the IRS. Share on facebook Share on linkedin April 10, 2020 First and of course most important, I hope you are all healthy, and safe. These are unusual times. Less than two weeks ago, the Treasury announced a NATIONWIDE postponement of most tax returns and payments due April 15, […]

What to do? What to do?

What to do? What to ? Share on facebook Share on linkedin Let’s say for a moment that you are the sort of taxpayer that I like … organized, responsive, and doesn’t wait until the last minute to get me information (like a certain brother of mine). Your returns have been completed and filed. The […]

Gone but not forgotten. Part 2

Gone but not forgotten.Part 2 Share on facebook Share on linkedin February 18, 2020 In Part 1 of this series, I talked about how the Foreign Tax Credit (FTC) could be used to offset your US income taxes when you earn income while living in a foreign country. (Click here to read it.) But there […]

Ch- Ch- Ch- Changes

Ch – Ch – Ch – Changes Share on facebook Share on linkedin February 5, 2020 One of the things some tax reformers had wanted was to make the Form 1040 “simpler,” smaller, to fit on a postcard of sorts. The Tax Cuts and Jobs Act of 2017, more commonly known as TCJA (tick-ja), mandated […]

Your options if you owe money

Your options if you owe money Share on facebook Share on linkedin Original Post Feb 13, 2019 When things don’t go the way we want or expect, sometimes we want to just go back to bed and hide under the covers. With what has been happening as more people are filing their returns and finding […]

How to beat the fraudsters to your return

How to beat the fraudstersto your return. Share on facebook Share on linkedin Original Post Feb. 5, 2019 All too often, clients I have that waited until the end of March or so to file (even if they had not been waiting for information), have found that they were the victim of identity theft. Somehow, […]

What to do if you owe money on April 15th

What to do if you owe money on April 15th Share on facebook Share on linkedin Original Post April 1, 2019 This is NOT an April Fool’s Day Post. Taxes are due in 2 weeks. (And see my other post below if you owe money) Now some people may get an extension of time to […]

Gone But Not Forgotten. Part 1

Gone but not forgotten. Part One Share on facebook Share on linkedin January 19, 2020 Congratulations, you are living in Mexico. Although things cost less here than back in the US, you decide you will become a real estate agent with one of the local firms to earn a few extra pesos to help pay […]