CERTIFIED PUBLIC ACCOUNTANT
Older Baby Boomers are reaching the end of their lifespans, leaving their children and grandchildren poised to received the largest collective inheritance in human history. Because Boomers were prodigious savers, much of this inheritance will come in the form of inherited IRA accounts. A very special set of rules apply... Continue reading →
Many people give to charity to reduce their taxes. However, giving gifts to loved ones can have the same effect. In keeping with the old saying that charity begins at home, some people choose to give money to family members in addition to their charitable giving. This money can then... Continue reading →
The internet has opened up immense possibilities for side income. People can drive a few hours a week for Uber, rent out their couch on Air BnB, and pad their monthly budget in a variety of ways. These side gigs are important ways of supplementing income in an economy where... Continue reading →
An increasing number of people are doing taxes at home using advice gained from the internet. While there are many unreliable internet sources, there are also several that we have come to collectively trust as a society. Websites ending with .gov are considered especially authoritative. However, new Internal Revenue Bulletins... Continue reading →
Many people, especially business owners, hit an “end of the year” crunch before the year even ends. We barely get our taxes filed by the April deadline, and many have to ask for an extension even beyond that. Is this really a bad business decision which could increase IRS audit... Continue reading →
