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Considering refinancing your home mortgage? With mortgage rates at historic lows, it may be a very appropriate time for this. However, refinancing isn’t always the best plan, even though mortgage rates are low. This is because a number of issues must be considered when refinancing. Cost of Refinancing your Home Mortgage Refinancing your home mortgage …
Contemplating Refinancing Your Home Mortgage? Things You Should ConsiderRead More
If you’re looking to minimize tax on Social Security benefits, this article can help. Whether or not your Social Security benefits are taxable depends on a number of issues. Let us help you understand the taxability of your Social Security benefits and at what amount. For this discussion, the term “Social Security benefits” refers to …
Considering the advantages of back-door Roth IRAs, but want to learn more? Many individuals who are saving for retirement favor the benefits of Roth IRAs over traditional IRAs. This is because the former allows for both accumulation of account earnings and post-retirement distributions to be tax-free. In comparison, contributions to traditional IRAs may be deductible. …
There are so many things to consider when one is ready to move to a new neighborhood, but one item that should be at the forefront is how to move with taxes in mind. If you’re thinking about relocating, you’re not alone. Americans are on the move for a variety of reasons, but here are …
If you recently received a letter from the IRS – don’t panic. While the dream of finding an IRS refund check in the mailbox is over now that most tax refunds are deposited directly into taxpayers’ bank accounts, IRS correspondence by mail is still flourishing. Since the IRS does the majority of auditing through correspondence, …
Summer is the season when we receive the most questions regarding charity auctions and tax deductions. If you’re not already familiar with the practice, this is where charities to hold auction events. Attendees at these events bid on and purchase items on display. The items available to bid are usually donated to the charity holding …
Looking to defer taxes using installment sales? It’s a great option, as long as you know the right steps to take in the right order. Generally, selling property that one has owned for a long period of time frequently results in a large capital gain. Reporting all of the gain in one year generally means …
Considering offering employee stock options to your key employees to help grow your companies’ market value? Offering stock options give the employee the right to buy up to a specified number of shares of the company’s stock at a future date at a specific price. Generally, options are not immediately vested and must be held …
The new tax filing deadline is right around the corner. For those who have not yet filed their 2020 federal tax return, time is running out. The new deadline of May 17, 2021 means you must file your return and pay any taxes owed. Or you must file an extension and pay any estimated balance …
Video: New Tax Filing Deadline Is Rapidly ApproachingRead More
