by Frank Stitely | Jan 20, 2020 | Uncategorized
Every year the IRS issues millions of tax bills to taxpayers for items of income not reported on tax returns. For example, if a taxpayer received a pension distribution during the year, but did not report the distribution as income, the IRS sends a bill for the taxes...
by Richard Rothstein | Jan 13, 2020 | Uncategorized
At least a hundred times per year, clients ask us if they should file separately from their spouses to pay less in income taxes. To define this issue a bit, married couples can file their tax returns using one of two statuses: Married filing jointly, Married filing...
by Frank Stitely | Jan 8, 2020 | Uncategorized
Last tax season more than a million taxpayers got nasty surprises when filing their income tax returns. In prior years, they got small refunds or owed just a little. However, due to changes in the tax withholding tables, many owed $10K or more. Tax planning can do...
by Christie Krouse | Jan 6, 2020 | Uncategorized
Buying or Selling a Home can impact your taxes in several ways Did you know that 673,000 homes were sold last year? That means over a million people had a major life change that most likely affected their taxes. At S&K CPAs, we see this all the time. If you are in...
