Why Is My Tax Return Refund Split Into More Than One Check?

view tax refundWhen you filed your income tax returns for the past tax year, your tax preparer or the software program you were using probably gave an estimate of how much money you would receive back from the government.  You were likely very excited to receive your tax refund. You may have planned precisely how you were […]

May 2nd, 2019|Tax Tips|0 Comments

Tax Breaks and Essentials for New Widows

Tax Essentials for New Widows

taxes and widowsLosing your partner can be emotionally debilitating, and on top of dealing with that aspect of the loss, you also have to handle numerous financial issues. Wondering how becoming a widow affects your income tax situation? Here’s a look at some of the essentials.

Life Insurance

Running Afoul of Structured Transaction Laws

structured transactions 91% of Property Seized in Structured Transaction Cases Are from a Legal Source

The Bank Secrecy Act (31 USC 5324) was passed in the 1970s to address the problem of money laundering and other crimes that require large transfers of money. Under the auspices of this act, financial institutions must report financial transactions over $10,000. […]

January 9th, 2019|Tax Tips|0 Comments

5 Surprising Tax Law Changes in the Tax Cuts and Jobs Act

tax cuts and jobs actThe Tax Cuts and Jobs Act (TCJA) has made sweeping changes to the United States tax laws. You have probably heard about some of the major changes that take effect beginning in 2018—a big cut to the corporate tax rate, lower marginal rates across the board, and a larger standard deduction. But […]

March 23rd, 2018|Tax Tips|0 Comments

Quick, 10 Ways to Reduce Your 2017 Federal Tax Liability

10 Ways to Reduce Your 2017 Federal Tax Liability The last day of the year is just around the corner, and if you’re someone who usually faces a tax bill in April, this is your last chance to lower your tax liability for 2017. Even though there […]

December 15th, 2017|Tax Tips|0 Comments