Category Archives: Tax Tips

Gifts to Charity: Six Facts About Written Acknowledgements

Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. Taxpayers who plan to claim a charitable deduction on their tax return must do two things: Have a bank record or written … Continue reading

Posted in Charitable Organizations, IRS, Non Profits, Personal Finance, Planning Strategies, Tax Tips | Tagged , , , | Leave a comment

Money Mistakes That Will Ruin Your Relationship

Living with someone can be one of the smartest financial decisions you make. Virtually all fixed expenses can be split and many other daily expenses shared as well. But this can be a double-edged sword. Poor financial decisions have the … Continue reading

Posted in Personal Finance, Planning Strategies, Tax Tips | Tagged , , , , , , , , , , , , , , , ,

Learn about Tax Benefits for Education

The following article was published by the IRS. The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two … Continue reading

Posted in Education, Personal Finance, Planning Strategies, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Like Harvey, Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Irma

The following article was published by the IRS. The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families. This is similar … Continue reading

Posted in Accounting, Government, IRA, IRS, Personal Finance, Planning Strategies, Tax Tips | Tagged , , , ,

As Hurricane Irma Threatens, IRS Urges Taxpayers to Prepare for Hurricanes, Floods and Other Disasters

For September’s National Preparedness Month, the Internal Revenue Service is offering advice to taxpayers who may be affected by storms, fires, floods or other disasters. After the devastation of Hurricane Harvey and with Hurricane Irma threatening parts of the U.S. … Continue reading

Posted in In the News, IRS, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips | Tagged , , , , , ,

Divorce or Separation May Affect Taxes

The following article was published by the IRS. Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. Alimony payments paid under a divorce or separation instrument are deductible by … Continue reading

Posted in IRS, Personal Finance, Personal Taxes, Tax Deductions, Tax Tips, Taxes | Tagged , , , , , ,

Don’t Take the Bait, Step 6: Watch Out for the W-2 Email Scam

The following article was published by the IRS. The IRS, state tax agencies and the tax industry today urged tax professionals and businesses to beware of a recent increase in email scams targeting employee Forms W-2. The W-2 scam – … Continue reading

Posted in Accounting, Fraud, IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips | Tagged , , , ,