04/14/2023
Ouch! Property taxes are on their way up. Here is what you can do to keep your property taxes as low as possible.
How to Reduce Your Property Taxes
With a $10,000 limit on deducting property and state income taxes on your federal tax return, what can you do to lower your tax bite? Look at reducing your property taxes!
04/07/2023
Time to make an estimated quarterly tax payment!
It's Tax Time! 1st Quarter Estimated Taxes are Due. - Now is the time to file your taxes and make your estimated tax payment.
Reminder: Tax returns AND first quarter estimated taxes are due by Tuesday, April 18th.
04/05/2023
The modern day tax form was introduced in 1913. Guess what the tax rate was. Plus useful ideas to reduce your bills during high inflation. Read on!
Client Update Newsletter: April 2023
I love sending you this monthly Tax Newsletter with articles that might help you with Tax Planning. Rossana Giannini, JD BOOK A MEETING WITH ROSSANA HERE: MEETROSSANA
03/31/2023
My tax return is filed... where is my refund? Here's how to find out.
Where's My Refund?
Your return is filed and you're expecting a refund. Where is it? The IRS has an online service to check on the status of your tax refund. Here is what you need to know.
03/24/2023
The gift tax is one of the most misunderstood provisions in the tax code. Here is what you need to know.
Understanding the Gift Giving Tax - Excess gift giving could cause a tax surprise
Presenting a gift to a grandchild does not normally have us thinking about the taxes. However, if not careful the over generous gift giver could end up with a surprise tax bill and a note from the IRS.
03/17/2023
The IRS is hiring more auditors. So who are they going to target? The small business owners. Here are some tips.
Audit Target: The Sole Proprietor
Often the #1 target of IRS audits, sole proprietors need to be prepared with good records. Here are some tips.
03/10/2023
High income disparity between spouses is one of the most common situations victimized by the marriage penalty. Tax planning can help you reduce the impact on your tax bill.
The Marriage Penalty is Alive and Well
Whether you're changing your filing status in 2022 because of marriage, divorce or another event (or it's staying the same), understanding how the marriage penalty works is key for your tax planning.
03/03/2023
Deciding between a traditional or Roth IRA? The traditional IRA provides short-term tax savings, but a Roth IRA might be better for the long-term.
The Tax-Free Retirement Savings Option - Is a Roth IRA right for you?
Deciding between a traditional or Roth IRA can be confusing, but one thing is clear - Roth IRAs are subject to fewer IRS rules and restrictions, giving you more flexibility while still providing some great tax savings.
03/01/2023
New tax rules mean changes for how you save for retirement. Read how these rules affect you. And those with small businesses should know about this potential looming $800+ penalty!
Client Update Newsletter: March 2023
I love sending you this monthly Tax Newsletter with articles that might help you with Tax Planning. Rossana Giannini, JD BOOK A MEETING WITH ROSSANA HERE: MEETROSSANA
02/24/2023
Caregivers can get help from three federal tax breaks: the medical expense deduction, the child and dependent care credit, and the "family" credit.
Three Tax Break Tips for Caregivers
If you've ever had to care for a sick, elderly or disabled person, you know it can be difficult financially as well as emotionally. A recent study found that many caregivers are forced to make financial sacrifices, including delaying retirement, in order to help their loved ones.
02/17/2023
Rejected tax return? You need to understand what steps to take...
Rejected! - What to do if your e-filed tax return is rejected by the IRS
If an e-filed tax return is rejected by the IRS what should you do? Here are some of the more common causes for rejected tax returns and what you can do about it.
02/10/2023
The best defense against a tax audit? Stop the clock. Here is what you need to know.
Stop the Clock - Your most important defense against an audit
Your tax return can be audited forever, but only if you do not file the return. By knowing the statute of limitations for a tax audit, you can be better prepared to reduce the risk of having a prior year tax return reviewed.