by allsaints | May 13, 2023 | Personal Accounting, Personal Tax Deductions, Personal Taxes
From the desk of James E. George If you received a nice tax refund last year and are expecting another one this year, you may be in for a big surprise! The income tax laws have changed and many of the tax-saving, refund generating credits have gone away. Our congress...
by allsaints | Sep 9, 2021 | Business Accounting, Personal Taxes
The IRS is backlogged in many of their processing functions, and it is causing serious problems for many of our clients. Some taxpayers still have not received their 2020 refunds for returns they filed back in April. Others are having their 2020 refunds reduced but...
by Tiffany Mellow | Dec 30, 2019 | Personal Tax Deductions
The end of the year is drawing close and we are getting many calls for ideas on how to save on 2019 income taxes. Not every idea below may apply to your situation, but the following moves collectively could save you significant tax dollars! Parents may qualify for...
by Tiffany Mellow | Dec 12, 2019 | General, Personal Accounting
I recently previewed the initial release of the 2019 income tax forms. Many of the forms have undergone design changes. There are new lines on existing forms, as well as several new forms that taxpayers may need to complete. For example: The most obvious change...
by Tiffany Mellow | Nov 21, 2019 | Business Taxes, Personal Taxes
This week I attended a two-day seminar on the new tax laws taking effect for 2019. The sheer number of changes is a little overwhelming. There are new reporting requirements for anyone who files Head of Household status. There is also an expanded due diligence...
by Tiffany Mellow | Oct 4, 2018 | Personal Accounting, Personal Tax Deductions, Personal Taxes
Every year at tax time, we encounter a variety of situations relating to divorced spouses claiming their children. In prior years, there were various ways used to justify who claimed which child. Sometimes the spouses agreed who claimed who and sometimes they didn’t....
