Just as coaches look back at their prior season to identify their team’s strengths and weaknesses, it can be helpful for taxpayers to review their most recent tax return to assess what they did right and what they
Read MoreCredit card debt is a common financial burden that many individuals face, and its implications extend beyond monthly payments and interest charges. When tax season rolls around, it’s essential to understand how credit card debt can affect your
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Dear Client, Many taxpayers find the differences between tax planning and tax preparation confusing. What’s the point of tax planning? Won’t you owe the same amount no matter what? Let’s take a look. Tax Planning Tax planning involves
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Gift tax returns generally do not need to be filed unless you give someone, other than your spouse (if he or she is a U.S. citizen), money or property worth more than the gift tax annual exclusion for
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As the IRS increases the number of audits, it’s good to be reminded that taxpayers do have rights. Here is the IRS’s Bill of Rights. The Right to Be Informed Taxpayers have a right to clear explanations of
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How does health and life insurance affect your taxes? Many know from experience that medical expenses can easily overwhelm even the best financial plans. Whether it’s a quick ER visit with only modest charges or a serious or
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