One of the bigger fears that people have is receiving a letter from the IRS which states that they are making a change to their tax return and they owe more taxes. And, there is interest and penalties to be … Continued
Tax season is quickly approaching, but are you ready to file yet? Probably not, as many tax documents have not arrived in your mail box. To get a head start on filing your taxes, here are some tips: Gather information … Continued
In December 2019, new retroactive tax changes were signed into law. This new act, named the Secure Act, affect 2018 tax returns. You may need to amend your 2018 tax return to receive a tax refund due to these tax … Continued
New rules have been established for Required Minimum Distributions (RMDs). Late in 2018, President Trump signed the Secure Act which changes the age for taking RMDs from 70 1/2 to age 72. This only applies to people under age 70 … Continued
