Big Changes for Form W-4

Just when you thought you had a firm grasp on all the tax changes, the IRS is making a dramatic change to the way tax withholdings are calculated on your paycheck. Form W-4, used to calculate your paycheck withholdings, has had a major overhaul, and the changes go...

IRS Releases Key 2020 Tax Information

The IRS recently announced key tax figures for 2020, using information based on the Consumer Price Index published by the Department of Labor. Use these early figures to start developing your tax strategies for next year. Tax Brackets: There are currently seven...

Last-Minute Tax-Savings Ideas

Here are five tax saving ideas that can be used by most taxpayers. But act soon, there’s not much time left until our tax year comes to an end. 1 Make late-year charitable donations. Consider making donations with appreciated stock you have owned over one...

Receive Copies of Fraudulent Tax Returns

Tax identification theft is becoming all too common. Victims know how frustrating the experience can be. Thankfully, the IRS is willing to help.  The frustration If you are a victim of IRS identity theft, your first instinct is to find out what was filed and who...

Donating to Charities? Do it RIGHT!

Donating to charity not only helps others, it can reduce your tax bill — but only if the charity qualifies as a tax-exempt organization. Checking for qualified status If you plan on itemizing your deductions on your tax return, make sure the organization you’re...
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