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Year End Tax Steps!

Year End Tax Steps!

December 28, 2018 Year End Tax Steps! Take an inventory of your product.  If there…

LUNCH & LEARN

LUNCH & LEARN

Wednesday, August 8, 201812pm – 130 pm LUNCH & LEARNTax Cuts & Job ActChanges For…

Rule Applied to ESAs

Rule Applied to ESAs

One per year rollover rule also applies to ESA’s! Source: www.irs.gov & Tax Tips Americas Tax Solutions…

Who Do You Trust?

Who Do You Trust?

Who will be in charge of your assets after you’re gone? This is an important…

Taxable Donations or Not

Taxable Donations or Not

Crowdfunding has grown in the last 20 years raising billions of dollars from hundreds of…

Tax Info for Students

Tax Info for Students

Don’t be surprised when your employer withholds taxes from your paychecks. That’s how you pay…

Contributing to a Roth IRA

Contributing to a Roth IRA

Who is Eligible?You must have eligible income/ compensation to contribute to a Roth IRA. The…

Prohibited Transactions

Prohibited Transactions

Do you know what a Prohibited Transaction is?  Its an impermissible transaction under the Internal…

Gift Tax Basis

Gift Tax Basis

You could be subject to a gift tax if you give a non-spouse a gift…

IRA Scenarios With Answers

IRA Scenarios With Answers

Lets say you’re around 73 years old and still work full time, could you still…

Donations Deductible

Donations Deductible

Charitable contributions are donations or a gift to or for the use by a qualified…

Review Your Documents

Review Your Documents

Failure to review your retirement planning documents can be a DISASTER. It can really hurt…

New Law to Affect Refunds in 2017

New Law to Affect Refunds in 2017

The IRS has announced initial plans for processing tax returns involving the Earned Income Tax…

RMD Basics

RMD Basics

If you own or are the beneficiary of an IRA, 401(K) or other retirement plan,…

Twitter Abbreviations

Twitter Abbreviations

Twitter is the spot to read the odd mashup of abbreviations and acronyms. So here…

Senior Tax Deduction Tips

Senior Tax Deduction Tips

Reduce your income taxes each year by taking advantage of the deductions available! Medical &…

Charity Deductions

Charity Deductions

You must be able to itemize your tax return to take charity deductions. If you…

INVESTMENT INCOME | subject to tax

INVESTMENT INCOME | subject to tax

Are your investments subject to the 3.8% Net Investment Tax? It targets things like vacation…

April 1st is coming… April 1st is coming…

April 1st is coming… April 1st is coming…

That’s April 1st the deadline! DEADLINE: April 1st If you are an IRA owner and…

Home Sweet Home | Tax Tips for New Homeowners

Home Sweet Home | Tax Tips for New Homeowners

It was once said, to me, that the smallest amount of money spent on a…

BUSINESS GIFT OR ENTERTAINMENT – Tis the Season for Giving

BUSINESS GIFT OR ENTERTAINMENT – Tis the Season for Giving

Saying that Las Vegas offers a wide variety of entertainment choices is saying a lot.…

IS YOUR BUSINESS SINGLE?

IS YOUR BUSINESS SINGLE?

Are you operating your business under a single-member LLC? This entity has no effect on…

CHARITY | Donation or Deduction

CHARITY | Donation or Deduction

A donation is a gift. A (tax) deduction is variable tax dollars subtracted, (or deducted),…

AUTOMOBILE | Is your car costing or saving you money?

AUTOMOBILE | Is your car costing or saving you money?

Even though we spend so much more time than before online interacting virtually we must…

What To Do If You’re a Victim of Identity Theft

What To Do If You’re a Victim of Identity Theft

Have you seen unexplained withdrawals from your bank account, had merchants refuse your checks, been…

ARE YOU IN THE STATE OF “INTAXIFICATION”?

ARE YOU IN THE STATE OF “INTAXIFICATION”?

It’s late February and some people are already experiencing intaxification and all the excitement (and…

INTERNAL REVENUE SERVICE (IRS) | MAKES PAYING EASIER WITH DIRECT PAY

INTERNAL REVENUE SERVICE (IRS) | MAKES PAYING EASIER WITH DIRECT…

It’s certainly not our favorite thing to do but sometimes we must. Its been said…

Hey You! Tax Shopper!

Hey You! Tax Shopper!

Most of my business has been comprised of word of mouth referrals. However, on occasion,…

Tax Season 2015 – Let the Filing Commence

Tax Season 2015 – Let the Filing Commence

The opening day of filing season for 2015. Even though we are filing our 2014…

CELL PHONES AND THE IRS 

CELL PHONES AND THE IRS 

PLEASE READ MY COMMENTS AT THE END OF THIS ARTICLE.   During an audit which…

My Rude Awakening to Photos and Social Media

My Rude Awakening to Photos and Social Media

Years ago a mentor in my business life told me, as I struggled with my…

What Accountants Wished People Knew About Their Taxes

What Accountants Wished People Knew About Their Taxes

Several months ago I was asked to write an article discussing things accountants wished people…

Dear Mr. Redford… About your tax bill… 

Dear Mr. Redford… About your tax bill… 

Hello all…so a slow start to my blogging…but I see so much, I think other…