Well, it’s that ‘favorite’ time of year for individuals and businesses alike, when tax returns need to be filled out and filed with the IRS. Every year there are abundant revisions and changes made to the IRS rules and regulations. With that said, the folks here at Tax Alternatives are on hand to tackle all…
It is everyone’s favorite time of year! 2018 tax returns need to be completed and filed by both individuals and businesses by Monday, April 15, 2019. There have been a variety of changes to the IRS tax rules and regulations this tax season, which is why the professionals at Tax Alternatives are ready, willing and…
Congress passed a new tax bill that went into effect on January 1, 2018. It will affect most taxpayers for the 2018 tax year. This is one of the largest tax reforms in our country’s history and most likely, there are parts of it that will have some affect, hopefully positively, on your 2018 tax…
Odds are just barely in your favor if you’ve started setting aside money and assets for your retirement. Apparently in America, reaching retirement goals isn’t always a top priority. According to the National Institute on Retirement Security, some 45 percent, or almost 40 million working-age households, “do not have any retirement account assets.” This may…
It is almost that time of year again, when we all have to collect tax papers, documents and numbers in our efforts to file our annual tax returns. With that said the professionals here at Tax Alternatives want to ensure all our valued clients that we are set for the challenge and looking forward to…
With the end of the year upon us, tax season will be fast approaching and employer W-2 forms arriving at the end of January. Though we are preparing to celebrate the joyous Christmas season, along with cherished moments with family and friends, the team here at Tax Alternatives want to remind you that it is…
With mortgage rates remarkably low these days, small business owners are often tempted to use the equity in their homes for purposes of financing their businesses. However, the folks here at Tax Alternatives are committed to educating our clients on the serious tax ramifications that come into play when tapping into your home equity. Our…
Spring is here and the number of homes on the market increases drastically. Homeowners give favor to this time of year since people are coming out of hibernation and ready to make that buy. From start to finish the challenges and excitement of selling your home are many. Though selling your home can present you…
If you are a business owner then surely you know that you are entitled to deduct certain types of expenses on your tax returns, like those incurred when entertaining clients. The entertainment category with regard to income tax filings is any type of activity that provides actual entertainment, recreation, or amusement to your clients. It…
Well, it is definitely tax time again. One of the most troubling, yet important decisions for many people to make is whether or not to hire a tax professional to file their taxes. For many people, doing their own taxes using a reliable tax software program is every bit as easy as using Microsoft Suite…