March 2020 Newsletter

Tax Tips for Individual Taxpayers

Deciding if Someone Qualifies as a Dependent on Your Tax Return

Deciding if someone qualifies as a dependent on your tax return can be confusing. Let’s first talk about why a taxpayer would want to claim someone else as a dependent. Read More

From NY Times: Your 8 Most Vexing Tax Questions, Answered

For only the second time, Americans must cope with the new set of rules that sprang from the tax overhaul enacted by Congress in 2017. Many people are still adjusting to the law’s quirks, while puzzling over other legislative changes that came at the end of 2019.

With April 15 bearing down, we asked tax professionals across the country to share the questions that are most bedeviling their clients. Here’s what they said. Read More

Tax Tips: Don’t Let Your Dependent File Before You

We see it every year. Parents come in to get their taxes done and claim their college student(s) as dependents, only to find that their child has already filed their taxes and accidentally claimed themselves as independent… This little mistake can cost their parents thousands in lost tax returns. Read More

Tax Tips for Small Business Owners

From US Chamber of Commerce: What You Need to Know About Filing Small Business Taxes This Year

With new and constantly changing laws, filing taxes for your small business can overwhelming. Taking advantage of deductions can save you hundreds or even thousands of dollars a year, but it can be tricky to know what you are allowed to deduct. Read More

From Small Business Trends: Top 25 Small Business Tax Deductions

Deductible business expenses help entrepreneurs with many of the costs of running a company. Business owners know that most expenditures can be written off, although there may be limits and timing. Check out the most common tax deductions for small business. Read More

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