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Know Your Audit Risk

Nearly every taxpayer can imagine a worst-case scenario where they run afoul of the IRS and are selected for an audit. Here are a few areas that tend to get unwanted audit attention and ideas to help you stay prepared. Your audit risk is (probably) low. The first thing to… Read More

Holiday Movie Quiz

Hollywood has made the holiday movie part of our seasonal traditions. How well do you know your holiday movie trivia? Grab a cup of your favorite beverage and challenge your friends with this quiz. Enjoy. Which of the following movies DOES NOT use the Christmas holiday as a theme. A…. Read More

Private Agencies to Start Collecting for IRS

What you need to know In late 2015 Congress required the IRS to turn over uncollected taxes it is no longer pursuing to outside collection agencies. The agencies are now selected and in early 2017 they will begin their collection efforts. This will impact all of us. Here is what… Read More

Holiday Money Savings Tips

To many the holidays are “the most wonderful time of the year” but, to those on a tight budget the holidays can be very stressful. Why not save money this season by following some of these easy tips: Holiday Cards: Send a holiday postcard rather than a card or letter… Read More

Tick Tock. Tax Reduction Ideas Still Available

As the end of the year approaches, there is still time to make moves to manage your tax liability. Here are some ideas to consider. Maximize your retirement plan contributions. This includes traditional IRAs, Roth IRAs, and SEP IRAs for self-employed. Given the contribution limits in 2017 are not increasing,… Read More

Change Your Passwords Now

New internet vulnerability discovered A recent internet attack in the eastern United States by hackers opens up a new area of vulnerability for all of us. Here is what you need to know. What is new This recent cyber attack hijacked many computing devices. The attack took over these devices… Read More

NEW! College Aid Financial Package (FAFSA) Timing

Annual FAFSA filing availability is now If you have a child in college or entering college during the next school year, you need to read this. The time to apply for federal financial aid is now. The new application timeframe The Free Application for Federal Student Aid (FAFSA) is now… Read More

Want to Deduct an Event Ticket?

Things to consider As an employee, can you ever deduct the cost of a sporting event or other ticket on your expense report? Surprisingly, the answer can be yes, but only if you know and abide by the rules. The accountable plan If your employer uses accountable plan rules for… Read More