Posts Tagged ‘tax planners’

7 Tips to Cut Your 2019 Taxes by Thousands

We are in the final days of 2019.  And for those of you who are last minute, this is the last chance to save $$$ on your 2019 taxes.  We have posted about changes in the tax code through the Tax Cuts and Jobs Act, but it is a good idea to go over your…

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Gift and Estate Exclusion Amounts

If you have been concerned about what happens to your tax benefits of the increased gift and estate tax exclusion amounts after the effective period of 2018 to 2015 lapses, relax…a little. On the twenty second of November 2019, the treasury department and the internal revenue service issued a news release confirming that …”individuals who…

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Tuesday Tax Tip: 3rd Quarter Estimated Tax Due Soon

Third Quarter Estimated tax payment due Monday Sept 16. Can you believe major tax reform is in its second year?  As taxpayers are seeing its full effect on 2018 returns, the IRS reminds people who pay estimated tax that their third quarter payment for 2019 is due Monday September 16.  Thanks, IRS. On a brighter…

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Home Schooling Tax Reminder

Home Schooling?  In 2018 the IRS EO(Exempt Organization) implemented revisions to the form 1023EZ.  Now the IRS EO will Ask for a short description of your activities when applying for 501(c)(3) status Ask more questions about: Your gross receipts (your sources of income) Your assets (what you own) What kind of foundation are you?  If…

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Tuesday Tax Tip

As Dorian approaches, IRS reminds preparation for natural disaster Secure key documents and make copies think tax returns, birth certificates, deeds, titles and insurance policies.  Put in waterproof containers in a secure space.  Duplicates should be kept with a trusted person outside the disaster area.  A backup scan on flash drive is another way to…

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7 BasicTax Tips

7 Simple business steps can save untold hours of labor, confusion and misery when you prepare for tax season.

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