During the holiday season it is not very common to think about one’s tax return. Indeed, in our prior post we warned against the seduction of tax refund anticipation loans, but that’s arguably the only way taxpayers are thinking about their returns. But...
Finding Real Life Solutions To Your Tax Problem
Month: December 2016
Why the estate tax is still around today
If there are two constants in life, they are death and taxes. Even in death, there is an estate tax that may apply to things you leave behind. After all, as the old adage goes, you can’t take it with you. While this may be true, why would you want to leave money...
Employers will not longer be fined for reimbursing employees
While the news about politics has centered around President-elect Donald Trump’s transition team, little news about tax reform has hit the mainstream media. However, Congress has made some changes that could affect employers and employees alike as early as next...
Will the IRS come after you for a simple mistake?
Many people are terrified when doing their taxes, thinking that one small mistake is going to trigger an audit and leave them facing fines, fees and even jail time. They think of the IRS as this aggressive organization that is carefully watching their every move,...