As important tax records start filling mailboxes, how can you make sure your tax preparation goes smoothly and efficiently this year? Here are some tips. Keep it all in one place. It seems obvious, but how often have you found yourself going through piles of paper looking for that elusive missing 1099 tax form or […]
Archives for October 2021
Tax Software: Is it the Best Way to Go?
Some popular tax preparation software is relatively inexpensive, but what does using software to prepare your taxes really cost you? Missed deductions and tax credits, improper or overlooked tax elections, unnecessary penalties, and neglected long-term tax planning can be very expensive. Are you familiar with the rules and qualified to tackle your taxes by yourself? […]
Using Losers to Make Winners
Understanding the rules surrounding investment losses can really help minimize your tax obligation each year. This is because investment gains and income can be subject to a variety of federal tax rates as high as 37 percent. This and a 3.8 percent Medicare investment tax surcharge make planning around when to take investment losses an […]
Don’t Become a Social Media Fraud Victim
Facebook, Twitter, Snapchat, and other social media sites provide innovative ways to connect with friends, share recipes and even find your soulmate. Such sites are also a treasure trove for cybercriminals. Day in and day out crooks scan social media accounts to glean personal information. Their goal? Steal your identity and/or pilfer your bank accounts. […]