December 10th, 2018

The cancer survivor expected her GoFundMe receipts to offset her medical bills. She certainly did not expect a $19,000 tax bill. As they treated her for car crash injuries, doctors discovered that Ms. Charf had several malignant tumors. Cancer treatments often cost over $10,000 a month, so her medical bills quickly mounted. Her sister then […]

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December 4th, 2018

Many people are aware that the 2017 Tax Cut and Jobs Act doubled the standard deduction. But fewer people know about the new Section 199A deduction. This provision allows most small businesses to deduct up to 20 percent of their income. Small business owners or participants qualify for the deduction if their gross incomes are […]

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August 1st, 2018

Despite your best efforts, there is always a possibility that your tax bill will be larger than planned. For those on a tight budget, tax debt can be a problem. Fortunately, if you can’t afford to pay your bill in full by the date it is due, the IRS offers several alternative options. The most […]

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July 24th, 2018

When major organizations experience a data breach, it is front page news. However, these occasional reports don’t show the magnitude of the issue. Thousands of companies have security lapses every year, exposing your tax ID and other sensitive information to misuse. Even the IRS is not immune from the impact of identity theft. The annual […]

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