It is always alarming to receive a notice from the IRS. If you had capital gains activity reported on the 2018 Schedule D Tax Worksheet an error may result in an IRS notice for…
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Charitable Giving Strategies in light of Tax Reform
Charitable donations are still deductible in 2019, however fewer Individual taxpayers will itemize in 2019 due to the increase in the standard deduction. The standard deduction for married couples…
How to Protect Your Small Business Against Fraud
FRAUD… what no… not in my business! This is what we hear all the time. Business owners hate to even think about it let alone invest in resources to prevent it because, well, it would never happen to them, right?
Reviving Your Itemized Deduction with Donor-Advised Funds
Itemized deductions are dead. That was the truth for many taxpayers in 2018. The number taxpayers itemizing in 2018 dropped by 88% compared to 2017. A knowledgeable taxpayer will realize, if they are not…