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The U.S. Election Outcome Likely to Have Major Impact on Taxes
Having won control of the White House, the Senate and the House of Representatives, Republicans will have the opportunity to move forward their vision for federal taxes. What might this… Read More
Recovering Lost Documents and Receiving Tax Relief After a Natural Disaster
It’s common for individual and business taxpayers to lose financial records during a natural disaster. Unfortunately, you usually need such records to document losses for your insurance company and to… Read More
Preparing for Thanksgiving Week with Kids
It’s hard to believe Thanksgiving is next week. For many families with children, this has become Thanksgiving week in a sense with half days or no school to start the… Read More
What Ukrainian Leaders Secretly Feel About Trump and US Assistance
My goal this month was to find and describe for you the location of the legendary Biblical city of Sodom. But stuff happens. And after all, Sodom will still be… Read More
Want to Find Out What IRS Auditors Know About Your Industry?
To prepare for a business audit, an IRS examiner generally researches the specific industry and issues on the taxpayer’s return. Examiners may use IRS Audit Techniques Guides (ATGs). A little-known… Read More
Tax-Saving Moves Businesses Should Consider Before Year End
Now is a good time to consider year-end moves that can help reduce your business’s 2024 taxes. The effectiveness of a particular action depends on the circumstances of your business.… Read More
The Search for Sodom: Part 1
Most Americans have heard the Biblical tale of Sodom and Gomorrah, sinful cities destroyed with fire and brimstone by God, who spared only Lot and some of his family. So,… Read More
7 Year-End Tax Planning Tips for Individuals
As the holidays approach, it’s time to consider tax planning moves that will help lower your 2024 taxes, as well as set you up for tax savings in future years.… Read More
5 Tips for Parents to Help Their Kids Wrap Up the School Quarter
The end of the quarter is wrapping up shortly if you have a child in Montgomery County Public Schools (MCPS) or elsewhere where the quarter is ending soon. In order… Read More
Added Protection for Your Personal and Financial Information
Protection is key when guarding your personal and financial information from fraudsters. That’s why the IRS offers a vital tool, the Identity Protection Personal ID Number (IP PIN). The IP… Read More
As Traditional Trick-or-Treating Declines, Some MoCo Families Turn to Halloween Alternatives
For many, Halloween has long been synonymous with the tradition of trick-or-treating: kids dressed as ghosts, witches, and superheroes going door-to-door in search of candy. However, traditional trick-or-treating has steadily… Read More
An IRA Withdrawal Strategy with Tax-Reducing Power
As the year winds to a close, your chance to lower your 2024 tax bill also winds down. If you’re age 70½ or older, you may want to make a… Read More