Helping taxpayers
Now is the Time to Start your AFSP Record of Completion
Now is the Time to Start your AFSP Record of Completion Many taxpayers were surprised and are surprised each year to to find they have to pay more taxes than the previous year, while others received significantly lower refund checks from the Internal Revenue Service (IRS)—even though their financial circumstances...
2020 IRS Tax Payments Extended by 90 Days: No Interest or Penalty
By: Mark Kohler Taxpayers and business owners received a much needed lifeline yesterday from the Treasury and IRS in response to the Coronavirus outbreak. Individual taxpayers will get a three-month (90 day) extension to pay income taxes they owe for 2019, typically due on April 15th, but will now have until July...
Maximize the Tax Benefits of Renting Out Your Home
Taxpayers who live in a popular tourist destination or who are planning to be out of town for an extended period can enjoy both a steady rental income and tax benefits by renting out their home. Although there have always been some tax breaks available for rental owners, the Tax Cuts and Jobs Act (TCJA) has only...
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