Important Things to Know about Applying for an Extension

If the tax deadline passed you by and you never got your return filed, then the best thing to do is take action now and file an extension. Here are a few important things you should know about requesting a tax extension.


1 Week to the Tax Deadline: Here’s How to Avoid Late Fees

The tax deadline is now exactly 2 weeks away. If the deadline took you by surprise this year, you’re not alone. If you’re scrambling to get your taxes filed before the deadline, here are a few tips that might help you avoid unpleasant late fees.


Should You Expect Your Tax Refund to Be Delayed Again This Year?

Staff shortages, issuing advanced child tax credit payments and stimulus checks, and delayed tax deadlines have taken a toll on the IRS’s ability to process returns in a timely manner. With those delays in mind, should you expect your tax refund to be delayed this year too? Keep reading to find out.


Popular Tax Scams for 2022—And How to Protect Yourself

Tax scammers are constantly evolving in the way that they work. Find out what you need to know about the most common tax scams for 2022 and how to protect yourself by reading the article below.


3 Deductions and Credits to Double Check before Filing Your Return

The New Year marks the official start of the 2022 tax season, so it’s time to start thinking about your 2021 tax return. As those tax forms start rolling in, you might be tempted to jump on filing your return right away. Don’t get us wrong, filing early is a good call, but it’s important not to get ahead of yourself; here are three important things to double check before you file.


What Happens When Your Tax Return Is Stolen?

If you think filing your taxes is difficult, dealing with the fallout of tax theft is much, much worse. If you’ve been told someone filed a false return in your name, here’s what will likely happen as you try to clean up the ensuing mess.


5 Ways to Start Preparing for Tax Season Right Now

Getting a head start on your tax prep can make filing your return in the spring faster, easier, and a lot less stressful. Here are 5 things you can do right now to start preparing for the 2022 tax season.


Major Tax Deductions and Credits You Could Be Missing

Tax deductions and credits are the best way for taxpayers to reduce their tax liability each year. But many individuals miss out on these big tax breaks. Learn about the most commonly missed tax deductions and credits, and see if you could be keeping more of your money.


How Bunching Tax Deductions Can Save You Money

The Tax Cuts and Jobs Act introduced by President Trump in 2017 changed many things in tax law. One major change that had a widespread impact was nearly doubling the standard deduction for tax filers. Learn how to reduce your tax liability and take full advantage of this increase by bunching your tax deductions.


Tax Implications of Different Types of Retirement Accounts

There are several types of retirement accounts out there, and each of them has their own tax implications and benefits. Proper tax planning is key to getting the most out of your retirement accounts. Learn more about the tax implications of the three main types of retirement accounts in this article.


Will Your Social Security Income Be Taxed?

Contrary to what many people believe, Social Security income may actually be subject to federal taxes. But just how much of your SSI is taxable, and at what rate? Keep reading to find out more.


Business Meals Can Now Be 100% Deductible

If you have meal expenses as a part of doing business, we have good news: Those lunch meetings may now be 100% deductible on your company's tax returns for the next couple of years.


IP PINs: What they Are, How They Protect You, and How to Get One

Every tax season, hundreds of taxpayers become prey to tax scams. One of the most common scams out there is for a thief to file a false return using your name and Social Security number. How can you avoid becoming a victim of this scam? IP PINs may be the answer.


Important Things to Understand Regarding Estate and Gift Taxes

When planning for your estate, many people are concerned about how much their beneficiaries will lose to taxes when they pass away. This article will give you a look at the current estate tax limits and gift tax laws.


Important Tax Law Changes for Your 2020 Tax Return

Don’t rush through your usual tax filing process without first becoming familiar with some important tax law changes that apply to your 2020 return. Keep reading to learn more about which changes might affect you.


How Do I Report My COVID Stimulus Income on My Taxes?

How will your stimulus check or PPP loan impact your tax return? Keep reading to find out.


Do You Have to Take an RMD from Your IRA in 2020?

The COVID-19 pandemic and the subsequent Coronavirus Aid, Relief, and Economic Security (CARES) Act have impacted the taxes, income, and retirement plans of American citizens in countless ways. Many individuals have seen a dramatic drop in the value of their investments, including their IRAs and other retirement accounts. In response to this, the CARES Act included a provision that allows retirees to skip their required minimum distribution (RMD) for 2020. Keep reading to learn more about this waiver and how it applies to you.


Can You Extend Your Return Beyond the COVID Relief Extension?

When the COVID-19 pandemic struck the United States at the beginning of the tax season, the federal government quickly pushed the tax deadline to July 15th. But if you're not ready to file yet, can you get another extension on your return?


Loveland BBQ 2018

Every year (for the last 10 years) Frank has provided the meat and does the actual smoking/BBQ for the Loveland Center’s annual fundraiser.  Not only was this the 10th year, they broke records for the amount raised.


Section 199A Deduction - Executive Summary of Proposed Deduction

Every person’s tax situation is unique.  If you would like to understand how the new tax laws impact you, give us a call and set up on appointment to meet with one of our CPA’s.  We are happy to discuss your unique situation and help you get the most benefit from the new rules.