Common Tax Filing Mistakes

  With the tax filing extension giving you until July 15th to file your return, it is easy to overlook ways to avoid receiving a letter from the IRS. Here are some of the most common tax filing mistakes: Forgetting a W-2 or 1099. The IRS does an effective job...

Understanding the Home Gain Exclusion

One of the biggest tax benefits available today is the exclusion of gains when you sell your qualified home. Here is what you need to know. The tax benefit explained: For those who qualify, a married couple can exclude up to $500,000 ($250,000 for unmarried taxpayers)...

Stimulus Payment Information

While this week’s topic won’t apply to most people, you may need this information, or know someone who does, and considering the times, I wanted to make sure everyone is informed. As I’m sure you’re aware, one of the main points of the Economic Stimulus legislation...

Stimulus Payments Update

More on Stimulus Payments Economic Impact Payments, more commonly referred to as “Stimulus Payments” began arriving in taxpayers bank accounts around April 15th. We’ve fielded several telephone calls and emails (and at least one actual letter) with questions about...