Renting to a relative: tax benefits may be tricky
In today’s housing market, it seems simple and straightforward to rent to a family member. Many want to help a relative by charging low-to-no rent (i.e., bargain rent). Despite your
Menu
Blog Author: Jessica Grant
Good News! The IRS gives Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020
The IRS released Notice 2022-36 which waives the late fees and penalties for all 1099 Series returns (NEC, MISC, DIV, INT, et al) for tax years 2019 and 2020 that
Why do some people buy an electric vehicle?
With recent high gas prices, purchases of electric vehicles (EVs) (if you can find one) have increased dramatically this year. However, while they’re still a small percentage of the cars
Estimated tax payments: When you are required to make them
Normally April 15 is the deadline for filing your individual tax return (except for 2020 taxes that are now due on May 15, 2021), it’s also the deadline for the
When Is It Safe To Toss Your Tax Records?
October 15 was the extended due date for filing 2019 individual tax. If you didn’t file by then… you’re late! For those that have filed, you might wonder: Which tax
Two Key Changes affecting Retirement Plans in 2020
On December 20, 2019 the President signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) into law. This law made a lot of positive changes in IRAs
Have an IRA? Pay attention to these new tax law provisions
On December 20, 2019 the President signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) into law. This law made a lot of positive changes in IRAs