• Think Twice Before Tossing: The Critical Timing for Disposing of Your Tax Records Safely

Think Twice Before Tossing: The Critical Timing for Disposing of Your Tax Records Safely

Article Highlights: Why We Keep Records Audit Defense Amending Returns Claiming Refunds Tax Basis Duration for Keeping Tax Records Federal Statute of Limitations on Tax Refunds Tax Return Omissions Indefinite Retention Financially Disabled The Big Problem! Stock Acquisition Data Stock and Mutual Fund Statements Tangible Property Purchase and Improvement Records The 10-Year Statute of Limitations on Collections Now that your taxes are complete and [...]

By |2024-07-03T15:31:56+00:00July 8, 2024|Taxes|Comments Off on Think Twice Before Tossing: The Critical Timing for Disposing of Your Tax Records Safely
  • Guarding Your Refund: The Complicated World of Tax-Related Identity Theft

Guarding Your Refund: The Complicated World of Tax-Related Identity Theft

Tax season should be a time to reclaim some of your hard-earned money, not a source of stress and anxiety. Yet, for many taxpayers, tax-related identity theft is a very real threat. Imagine filing your return, only to find out that someone else has already cashed in your refund. This is a harsh reality for countless taxpayers each year. So, how can you protect [...]

By |2024-07-03T15:25:25+00:00July 5, 2024|Taxes|Comments Off on Guarding Your Refund: The Complicated World of Tax-Related Identity Theft
  • Get Those Kids a Job: The Tax Advantages of Securing Summer Jobs for Your Children

Get Those Kids a Job: The Tax Advantages of Securing Summer Jobs for Your Children

Article Highlights Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax. This generally applies to children under the age of 19 and full-time students over the age of 18 and under the age of 24. The kiddie tax originated many years ago as [...]

By |2024-07-03T15:12:35+00:00July 3, 2024|Taxes|Comments Off on Get Those Kids a Job: The Tax Advantages of Securing Summer Jobs for Your Children
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