by Tabitha Regan | Mar 4, 2022 | Individual Tax
With near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales were up 9.4% from August 2020 and 20.9% from 2019, according to the National Association of Realtors. If you sold your home this year or are...
by Tabitha Regan | Feb 18, 2022 | Individual Tax, Small Business
As your paper and electronic documents begin to get overwhelming, you may wonder when you can destroy these items and what you should keep. It is critical to keep some documents while others can be destroyed after just a few years. Generally, you should retain all...
by Tabitha Regan, CPA | Feb 4, 2022 | Individual Tax, Small Business
The IRS announced that the starting date for when it would accept and process 2021 tax-year returns was Monday, January 24, 2022. Tips for making filing easier To speed refunds and help with tax filing, the IRS suggests the following: Make sure you have...
by Tabitha Regan, CPA | Dec 11, 2021 | Individual Tax
There are many ways to give to charity. You can make gifts during your lifetime or at your death. You can make gifts outright or use a trust. You can name a charity as a beneficiary in your will, or designate a charity as a beneficiary of your retirement plan or life...
by Tabitha Regan, CPA | Dec 3, 2021 | Individual Tax
As we wrap up 2021, it’s important to take a closer look at your tax plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situation –– a continued global pandemic, several significant natural disasters, new...
by Tabitha Regan, CPA | Oct 15, 2021 | Individual Tax, Tax Planning
Capital gains are the profits realized from the sale of capital assets such as stocks, bonds, and property. The capital gains tax is triggered only when an asset is sold, not while the asset is held by an investor. However, mutual fund investors could be charged...
