We are dedicated to keeping clients abreast of the latest developments and tax-saving strategies. This section includes a library of hundreds of timely articles about business, taxes, finances, trends and the like. The articles are categorized by subject matter, which can be accessed from the links. Click on your topic of interest and find a wealth of information.

GENERAL TAX TOPICS

These articles discuss topics that apply to the average taxpayer. You will find information about refunds, the child credit, the AMT and much more. If you have a tax-related issue that is not covered in this section, please call our office for more information.

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Can’t Pay Your Tax Liability?: If you are unable to pay your tax liability, there are some things you need to know. Most importantly, don't let your inability to pay your tax liability in full keep you from filing your tax return properly and on time. Why? Because there is a “failure to file” penalty that accrues at the rate of 5% per month or part of a month (to a maximum of 25%) on the amount of tax your return shows that you owe. The tax ramifications, penalties and possible solutions are included in the article.
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Understanding AGI Limitations & Phase Outs: AGI is the acronym for Adjusted Gross Income. It is generally the sum of a taxpayer's income less adjustments (before deductions and exemptions). Many tax benefits and allowances, such as credits, deductions, exemptions, etc., are limited by a taxpayer's AGI.
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Get a Big Refund this Year?: The IRS estimates that approximately 70 million Americans annually receive tax refunds averaging around $1,700. If you are among those who received a refund, you are probably celebrating. While some consider a large refund cause for celebration, it's actually a financial mistake that becomes particularly costly for those who get refunds year after year.
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