Taxpayers are Confused by New Tax Laws

Taxpayers are Confused by New Tax Laws

Accountants and taxpayers alike may not be ready to file returns by the April 15 deadline.

Americans are still making sense of the Tax Cuts and Jobs Act, the largest tax-law reform in 30 years. The TCJA was enacted in December 2017, but many Americans are still unsure how it affects them, even though they’ll incorporate those changes into their returns for the first time this year.

What your accountant needs to do your taxes...

What your accountant needs to do your taxes...

While the tax deadline is still a few months away, the sooner you get your return filed, the less you have to worry about it. With that being said, do you know what documents you need to bring to your CPA? As a rule of thumb, the more information you can provide, the better. However, there are certain documents that are absolute “musts.”

You Won the Powerball! Here's Your Tax Bill!

You Won the Powerball! Here's Your Tax Bill!

You won the $1.5 billion Powerball! Here's your tax bill!

The odds of winning the record $1.5 billion jackpot last month were 1 in 292 million. Anyone who beat those odds had tremendous luck, and a colossal tax bill, to look forward to.

How Much Do You Need to Save to Retire?

How Much Do You Need to Save to Retire?

For many Americans, the single biggest financial goal of their lifetime is saving enough money for retirement. Unfortunately, there's no universal answer to the question of how much money is enough, but there are some best practices and rules of thumb to follow.

How To Talk With Parents Or Grandparents About Their Finances

 How To Talk With Parents Or Grandparents About Their Finances

Even if your parents or grandparents are among the 24% who are confident they’ve saved enough for retirement, there are still conversations to be had about online banking, chip cards, fraud protection, apps and everything else it takes to manage money today.

Charitable Donations Are Tough To Get Under The New Tax Law. Here's The Work-Around.

Charitable Donations Are Tough To Get Under The New Tax Law. Here's The Work-Around.

Charitable Donations Are Tough To Get Under The New Tax Law. Here's The Work-Around.

How Long Should you Keep your Tax Returns?

How Long Should you Keep your Tax Returns?

You probably think you know how long to retain tax returns, because you’ve heard the standard answer. But the standard answer is wrong.