COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations. 1. Working from home. Many employees have been told not to come into their workplaces due…
Staying ahead of fraudsters and internet hackers is a constant challenge for most of us. The good news is that you can proactively protect your online accounts. We encourage you to plant your virtual flag before identity thieves do it…
September is designated as National Preparedness Month, a reminder from the Cybersecurity and Infrastructure Security Agency (CISA) to set aside time to assess cybersecurity preparedness to help keep you safe from cyber-related events like identify theft, ransomware infection, data breaches…
Scammers are once again taking advantage of a bad situation and have hatched up several new schemes during the coronavirus pandemic. Recently a group of online thieves collected millions of dollars in unemployment insurance benefits from COVID-19 economic relief efforts.…
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may be eligible for certain tax breaks to help defray the cost of education. Here is…
In the near future, you may notice a small payment in your bank account or you may receive a check from the IRS. The tax agency recently announced that it will send interest payments to about 13.9 million individual taxpayers who…
If you're experiencing financial distress during the COVID-19 crisis, you might be thinking about tapping into your Roth IRA to improve your cash situation. But before withdrawing money from a Roth account, it's important to understand the federal income tax consequences,…
While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s a look at the options. Most importantly, don’t let the…
Do your children or grandchildren receive unearned income from investments? Federal tax law contains provisions that are designed to prevent high-net-worth individuals from shifting investment income to children and young adults in lower tax brackets to minimize the family's overall tax…
Over the weekend, President Trump made several announcements relating to additional government assistance in the wake of the coronavirus pandemic. Likely the most notable for business owners is his call to halt payroll taxes for employees earning less than $4,000…