The Republican tax bill, Tax Cuts and Jobs Act, will have an impact on your tax bill. Some items will be favorable and some not so much. ...
READ MORE3 Questions about Taking a Home Office Deduction on your Tax Return
by baklau | Financial Planning, Taxes
Tax planning can be challenging and finding ways to reduce your taxes can by frustrating. Here are 3 common questions I am asked when it comes...
READ MOREWill 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 MORETax 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 MORELending Money to Family Could Taxing
by baklau | Financial Goals, Financial Records, Taxes
Lending money to family members probably dates back to the invention of money. Tax problems can arise when you first lend money, as you’re...
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