Tax Season & Filing

You've just wrapped up a long day at work, kicked off your shoes, and are ready to relax in your beautiful home. But as you sift through your mail, you come across your HOA fees bill and can't help but wonder: "Are HOA fees tax deductible?" This q... Read More

Are you ready to learn the relevant dates for filing your 2022 tax return? Tax time can be a stressful period. That's why understanding the dates of when you can file your tax return can help relieve some of that stress.In this article, we'll prov... Read More

TAX FILING SEASON HAS NOW BEGUN Tax filing season has now begun. If you missed the actual deadline to the start of tax filing season, which this year is April 17th, 2023, don't worry as you still have plenty of time to file. In fact, for those w... Read More

TAX FILING SEASON IS NOW OPEN Tax filing season is now open. In Notice IR--2023-05, the IRS gave tips on the upcoming tax filing season, which opened on January 23rd, 2023. The IRS has worked for months to prepare for the 2023 tax season. The Ja... Read More

QUARTERLY TAX PAYMENTS DUE JANUARY 17 Quarterly tax payments due January 17. In a bulletin notice IR-2023-01, the IRS reminded taxpayers that make quarterly estimated tax payments, that they are due on January 17th, 2023. The IRS urged those w... Read More

TAX FILING STARTED ON JANUARY 23RD Tax filing started on January 23rd. In publication IR-2023-05, the IRS stated that the 2023 tax filing season was set to open on January 23rd. That is much better than the previous Covid versions of a start dat... Read More

MEDICAL EXPENSES THAT ARE DEDUCTIBLE Medical expenses that are deductible. The first thing that one should realize when considering whether to take the standard deduction, or to itemize your medical expenses is this, if you itemize your expenses... Read More

IRS INCREASES IRA LIMITS FOR THE 2023 TAX YEAR IRS increases IRA limits for the 2023 tax year. In IRS Notice IR-2022-188, the IRS let taxpayers know that it was increasing the limit for the Individual Retirement Accounts for the 2023 tax year. I... Read More

Your 2022 tax returns act now. It is not too late at all to get ready for your 2022 tax returns. In fact if you are an employee, your boss will be mailing your W-2 by the end of January, and then the countdown to filing your return by April 15... Read More

Tax rules for your vacation rentals. If you use a service for renting out your vacation home, such as VRBO and Airbrib, you will get a 1099-K IRS tax form, for transactions conducted through their website. Since most rentals processed through t... Read More