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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Dear client, In case you missed it, Nebraska’s Legislative Bill 754 had large Pass-Through-Entity Tax law updates. What is PTET? PTET laws allow these entities to elect to pay tax at the entity level, shifting the tax liability
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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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Dear client, Can having a family reduce your taxes? If you’re no longer on your own as a single taxpayer, you may end up owing less tax. Let’s take a look: Add Your Family Make sure you clearly
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If you’re looking to sell your home this year, then it may be time to take a closer look at the exclusion rules and cost basis of your home to reduce your taxable gain on the sale. The
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Who is a Household Employee? The “nanny tax” rules apply to you only if (1) you pay someone for household work and (2) that worker is your employee. A household employee is someone who does work in or
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