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.