The year is quickly coming to a close and if you haven't taken your 2021 RMD, it's time to do so. RMDs are required minimum distributions from qualified retirement plans and are commonly associated with traditional IRAs, but they also…
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Once you turn age 70 1/2, tax law mandates that you withdraw a required minimum distribution (RMD) from your traditional IRA. But by using the RMD or other IRA distribution with a qualified charitable distribution (QCD), you can eliminate the…
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Have you been ignoring your future retirement needs? This tends to happen when people are young; because retirement is far in the future, they believe that they have plenty of time to save for it. (more…)
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If the sale of business or investment property results in a gain, the gain is normally subject to tax in the year of the sale. However, there are opportunities to report a gain over several years, to postpone it by investing…
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Making the decision to venture out on your own and work for yourself can be an exciting, yet frightening prospect. Nevertheless, it is important for those who are self-employed to know and understand the tax implications associated with such a…
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No taxpayer ever wants to owe the IRS or have problems with this powerful agency. Unfortunately, it is easy to make mistakes or face financial problems that make paying taxes on time a major hardship. If you have tax problems,…
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You should have received your W-2 form, Wage and Tax Statement by February 2nd. Since your W-2 shows the amount of your wages and taxes withheld from your salary during 2014 you’ll need it to correctly prepare your tax return.…
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The Internal Revenue Service just announced it has adopted a "Taxpayer Bill of Rights" that is meant to provide taxpayers with a better understanding of their rights when dealing with back tax or audit problems. (more…)
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The IRS recently updated Form 9465 used by taxpayers to request an installment agreement or payment plan to pay back taxes. (more…)
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We provide tax debt help to taxpayers in Palm Beach and Broward Counties who are experiencing financial difficulties or are about to suffer financial difficulties as a result of an IRS bank levy or IRS wage garnishment. If you have…
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