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 Who is Doing Your Taxes? Are They Qualified?

Tax season looms, but who will prepare your return? If you don’t do your own, then make sure your preparer has the right professional designation. Two warning signs:

  1. If the person who prepares your return does not sign it, certifying that it is complete and accurate to the best of their knowledge...
 What You Need to Know About the Secure Act

The Setting Every Community Up for Retirement Enhancement Act of 2019 – the SECURE Act – passed the House of Representatives earlier this year and was approved by the Senate and signed by President Trump on the days leading up to Christmas.

Incorporated into a broader 2020 fiscal year appropriatio...

 Summer Job Tax Tips

It’s almost July 4th and for teens and young adults taking summer jobs, it’s time to gain experience, earn some cash and learn a bit about adulthood. And one of the best grown-up subjects to start with? Taxes.

Whether you’re new to summer work or been at it for years, here are eight tax tips you n...

Playing by the IRA Rules

Individual Retirement Accounts (IRAs) offer favorable tax-deferral benefits to individuals who are saving for retirement. But with those benefits, there are certain rules about when distributions may be taken to avoid penalty taxes. Contributions to a traditional IRA, depending on your income and pa...

 The Tax Cuts and Jobs Act of 2017 Part 3

The Detailed Provisions to Know

The Tax Cuts and Jobs Act, a measure that has been characterized as the first major reform of the Internal Revenue Code in 31 years, received final approval from the House and the Senate on December 20, and was signed into law by President Trump two days later on De...

What is Not Changing in the tax reform bill

What is Not Changing

On January 1, 2018, the most sweeping overhaul of the US tax system –the Tax Cuts and Jobs Act– went into effect. While the bill is over 500 pages long, let’s briefly examine items not changing. But please keep in mind that this summary is in no way comprehensive nor is it mea...