All of us have made bad decisions in our life at some point, and we will likely make some more in the future. While it's always a good idea to avoid these scenarios whenever possible, this is especially true when it comes to money. Here are five money mistakes that are relatively common: [...]
The following article was published by the IRS. There are several changes to the 2018 Form 1040. However, taxpayers who file electronically may not notice the changes as the tax return preparation software guides people through the filing process. The IRS worked closely with its partners in the tax return preparation and tax software industries to [...]
If you have a mortgage or home equity loan, it is important to know that tax reform changes have an impact on the mortgage interest deduction. The first change is that you can deduct interest only if you are using the funds to buy, build, or substantially improve your main home or a [...]
The following is a summary of important tax developments that occurred in October, November, and December of 2018 that may affect you, your family, your investments, and your livelihood. Business meals. One of the provisions of the Tax Cuts and Jobs Act (TCJA) disallows a deduction for any item with respect to an activity that is [...]
While full-blown audits from the IRS are something that tax preparers are used to, a taxpayer likely views an audit right up there with a root canal, something to be avoided at all costs. It is impossible to predict with 100% accuracy which returns will be pulled for an audit, but there are [...]
