Filing on time (typically, April 15th each year) is the goal. But life
happens, tax forms don’t arrive on time, and for some people it's just
overwhelming. That means meeting the tax deadline doesn’t happen either.
For Individual Income tax returns, ...read more
Did you know that many business entities, trusts, estates, and certain
investments are all required to file tax returns that produce a Schedule
K-1? Those K-1s show your share of the income, expenses, deductions, and
other important tax reporting inf...read more
Scammers are smart and it’s becoming increasingly more difficult to tell
what’s legit and what’s an attempt to defraud you. The first step to
protect yourself against scammers is to be aware of how they operate and
learn how to spot the red flags. Th...read more
With the recent tax law changes, you might see additional information
and codes in Box 14 of your W-2. Currently, there are no standardized
codes to designate income such as “No Tax On Tips” or “Overtime”. While
next year, the W-2 form will include s...read more
When it comes to children and taxes, it’s a confusing topic for many.
Does my child need to file a tax return of their own? Do I need to
include their income on my tax return? We know that if a child is
employed (W-2) they may need to file their own ...read more
Whether or not you have to file a tax return isn’t just about how much
income you earned. Sure, that’s part of it for most taxpayers, but the
type of income also matters. For example in 2025, if your net earnings
from self-employment are $400 or more...read more
Identity theft is real, unfortunately. For some people, concerns about
possible identity theft and security start to grow when a tax filing is
rejected due to a social security number. Often though, an e-file reject
is simply caused by a typo or a de...read more
Tax filing status impacts several key areas of your federal tax return:
whether you are required to file, the size of your Standard Deduction,
your tax rate, your eligibility for specific tax credits, and
ultimately, the amount of tax you owe (or the...read more
The first step to maximizing your tax refund - and possibly keeping the
IRS at bay - is to use the correct filing status on your tax returns. If
only it were as simple as choosing Single or Married. But alas, there
are a whopping five (5) filing stat...read more
Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
Due to retroactive Medicare assignment, I was notified on 4/16/26 that
my coverage will start on 9/25. By that time, I had already submitted my
2025 Tax Return with HSA contributions for full 2025 year in amount of
$9500. So, based on IRS 8889 form i...read more
vg101Posted 10 hours ago
| Latest post an hour ago by
vg101
I posted a note yesterday (with a token #) ... it seems to have
disappeared. Perhaps this is a better thread - it has 2026 issues (for
TY2025) on it. Appears this 5805 situation is a recurring issue, going
on at least 3 years now. For us, this is 1st...read more
JJK2Posted Friday
| Latest post an hour ago by
SharonD007