Change of address An increase or decrease in your income, including lump sum payments like a lump sum payment of Social Security benefits...READ MORE
Will your debt cancellation be taxable?
Any debt that has been canceled can be considered taxable on your income tax return. You would normally receive a Form 1099-C, Cancellation of...READ MORE
Tax Planning Before Tax Season Saves you Headaches!
by baklau | Financial Goals, Financial Planning, Taxes
Are you interested in maximizing your tax savings? If so, it’s not too late to take advantage of Tax Planning! You can take steps now to...READ MORE
Surviving a Sales Tax Audit
by baklau | Financial Goals, Taxes
To increase state revenues without increasing tax rates, many states have been implementing more audits to be sure businesses are paying what...READ MORE
Should You Take the Standard or Itemized Deductions?
by baklau | Financial Planning, Taxes
What’s the Difference? When clients come to our office to file their tax return, we often get asked whether it is more beneficial for them to...READ MORE
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