Alimony In The IRS Spotlight

Alimony In The IRS Spotlight

A couple of years ago, the U.S. Treasury released a report highlighting a disturbing level of non-compliance in alimony reporting on tax returns. Since the report was released, the IRS has increased the scrutiny they place on tax returns with alimony claims. If you...
Everyone Knows Someone Who Missed The Boat

Everyone Knows Someone Who Missed The Boat

This year’s April 18 tax deadline has come and gone, but not everyone has filed a 2016 tax return. Many taxpayers who should file simply do not. Common culprits are older, retired parents, and young adults who are new to tax filing requirements. Here are just a few...
2017 Tax Planning – Changes To Note

2017 Tax Planning – Changes To Note

With the new administration in Washington D.C., tax changes are likely in our future, but the details of those changes are unknown. What we do know about 2017 core tax rates and inflation-adjusted figures will come in handy when you file your 2017 tax return in early...
Filing Extension – Get More Time To File, Not To Pay

Filing Extension – Get More Time To File, Not To Pay

Sometimes the tax deadline arrives and you are simply not ready to file. But, if you choose to file for an extension, don’t make the mistake of not paying. Filing for an extension gives you more time to file, not more time to pay. If you owe taxes, they are due...