Tag Archives: Tax

Too busy? File your W-2s, 1099s and SSA filings the easy way. Use Greatland Yearli.

Yes, I am a procrastinator and yes, I hate to re-create the wheel. So, I use Greatland Yearli every year as the process is super easy and accurate. Continue reading

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Posted in 1099 Reporting, accounting software, Tax Deadlines, tax tips, W-2 Reporting | Tagged , , , , , , , | Leave a comment

Finally, a year end that we can tax plan, again!

We can finally plan, again. Continue reading

Posted in accounting, Individual Tax, Tax, Tax Deadlines, Tax Planning, tax tips, Trump, Trust | Tagged , , , | Leave a comment

Get your required minimum distribution (RMD) before it’s too late

In general, those who are over age 70½ must take at least a minimum payment from their retirement account each year by December 31. Continue reading

Posted in accounting software, IRA, Ira Distribution, Retirement planning, RMD, Seniors, Tax, tax tips | Tagged , , , , , , , | Leave a comment

Plan now to save on taxes later

Even though tax filing time is far away, the fall is the perfect time to start your planning so you can take advantage of all opportunities to minimize your tax bill. That begins with ensuring you’ve taken all the deductions … Continue reading

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Alert to taxpayers – IRS warns of fake emails purporting to contain an IRS tax bill related to the Affordable Care Act

Issue Number: IR-2016-123 Inside This Issue IRS and Security Summit Partners Warn of Fake Tax Bill Emails WASHINGTON — The Internal Revenue Service and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on … Continue reading

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It is time to start planning for next year’s taxes.

You can also get Tax Tips on IRS.gov or IRS2Go, the IRS mobile app. Continue reading

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IRS Acquiescence Gives Unmarried Couples a Double Deduction | Accounting Today News

Source: IRS Acquiescence Gives Unmarried Couples a Double Deduction | Accounting Today News Continue reading

Posted in High Net Worth Individuals, Marriage penalty, Retirement planning, Tax, Tax Planning, tax tips | Tagged , , , , , , , , | Leave a comment

Types of Income the IRS Can’t Touch

That’s right, 17. Uncle Sam can’t get his hands on your money if it’s in one of these very specific income categories. Source: Types of Income the IRS Can’t Touch

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Working Overtime Is More Taxing Than You Think

Source: Working Overtime Is More Taxing Than You Think   Here is an excerpt from the article (click source link above for actual article) outlining an example of a $20 hour worker working an extra 8 hours… “The Government’s Take… … Continue reading

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To my Tax clients…

… Or if not urgent, just put it in ‘the envelope’ I gave you (or as some of you prefer, the grocery bag) for next year and continue gathering documents and receipts all year round. Have a happy, healthy, and profitable year. … Continue reading

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