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Bellingham Tax
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Our recommended tax strategies for the rich help high-net-worth individuals manage their wealth, while minimizing tax liabilities. Our firm offers expert guidance that will help you keep more of your money year after year. Whether you own rental properties around the country, stock options at multiple startups, or deal with inheritance taxes, we will help …
Now that your taxes are filed, you are probably wondering about the best way to dump tax records safely. If you are like most taxpayers, you have records going back years that you are afraid to throw away. To determine that answer, it is helpful to understand why the records need to be kept in …
In an effort to prevent high-income parents from exploiting tax benefits by shifting their investment income to their children, who typically fall into lower tax brackets, the U.S. Congress introduced the “Kiddie Tax” in 1986. While not officially termed as such in the tax code, the Kiddie Tax effectively applies higher tax rates to the …
Consider these tax planning tips before getting married and save yourself unpleasant surprises at tax time. If you think planning a wedding ceremony is complicated – wait till you see the possible tax issues involved! If you are saying “I Do” this year, there is a long list of things you need to be aware …
There are a significant amount of tax benefits for disabled taxpayers, as well as parents of disabled children. This article will detail a number of tax credits and/ or benefit that one may qualify for. The most common tax benefits for disabled taxpayers Increased Standard Deduction Since a change in the law more than 35 …
Concerned about knowing how to spot a tax scam so you don’t become a victim? Tax season can be stressful enough without having to worry about falling victim to tax fraudsters. With cybercrime and identity theft becoming increasingly prevalent as more people file their taxes online, it’s wise to be vigilant and aware of potential …
There are certain key personal finance tips that Millennials should know to prosper. As Millennials continue to navigate their financial journeys, understanding key tax and personal finance topics is crucial for achieving long-term wealth. In this article, we’ll explore some of the most important issues facing Millennials today, providing valuable insights and strategies to help …
Are you in a position where you can’t pay your taxes? About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns. But there are those who for one reason or another end up owing money. Of those who owe Uncle Sam, many don’t have the means …
Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making periodic estimated tax payments. These are referred to as estimated tax payments because the self-employed individual must estimate his or her net earnings for the year. Then pay taxes per an IRS schedule …
