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The IRS is eliminating most unannounced revenue officer visits. This is what that means for you. Tip Category: What's New The IRS recently announced a major policy change that it will end most unannounced revenue officer visits to taxpayers. This announcement is being picked up by all the major news outlets, but as is usually …
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Not always needed or wise To amend or not amend. That is the question...and the answer is not always obvious. Read on. Tip Category: Audit There’s usually an element of relief after your annual tax return has been filed. But what do you do if you find an error on your tax return? Should you …
Zero tax when selling a stock for a gain? Please tell me more! Tip Category: Your Income While the maximum capital gain tax rate can be as high as 23.8 percent, most taxpayers pay 15 percent. But there is the possibility to have your capital gains go tax-free...yes, zero percent! In fact, this tax break …
New contribution limits are on the horizon Tip Category: What's New Contribution limits for the ever-popular health savings account (HSA) are set for 2024. And inflation adjustments break through the historic trends of 1 to 2% increase each year. Next year the amount you can save to pay for health costs with pre-tax dollars jumps …
Know someone getting married? Send them this tip now. Tip Category: Planning If you recently got married, plan to get married, or know someone taking the matrimonial plunge, here are some important tax tips every new bride and groom should know. Notify Social Security. Notify the Social Security Administration (SSA) of any name changes by filling …
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