June 1 - Final Due Date for IRA Trustees to Issue Form 5498
Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31, 2020. The FMV of an IRA on the last…
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7 Different Types of Income Streams for Your Business
No matter what type of business you operate, you rely on having a predictable flow of income to keep your bills paid. If you only have a single source of income and it suddenly falters,…
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They say that everybody has at least one good novel in them, and many people feel the same way about ideas for a successful business. If you are considering diving into the world of entrepreneurship, it’s a good idea to pause for a moment,…
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Article Highlights:
Tax Return Mistakes are Common
Fixing Tax Return Mistakes
Amended Return
Superseding Return
Don’t Procrastinate in Responding to IRS
Generally speaking, tax return mistakes are a lot more common than…
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If opening your credit card bills, your checkbook, or your wallet are traumatic events, you may have a problem with overspending. It’s nothing to be ashamed of, and you’re certainly not alone, but there’s a good chance that it is keeping…
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Article Highlights:
If you can’t pay
Loans
Credit card payments
IRS Installment agreement
Retirement funds
The vast majority of Americans get a tax refund from the IRS each spring, but what if you are one of those who…
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Article Highlights:
Bureau of the Fiscal Service
Allowable Refund Offsets
Disputing an Offset
Injured Spouse Claim
We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never arrived? …
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Article Highlights:
Changing Filing Status
Liability
Community Property States
Social Security Benefits
Capital Loss Limitations
Sec 179 Business Expensing Election
Rental Loss Limitation
Traditional IRA Contributions
…
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Article Highlights:
Extensions
Balance-Due Payments
Contributions to Roth or Traditional IRAs
Individual Refund Claims for the 2017 Tax Year
Missing Information
As a reminder to those who have not yet filed their 2020…
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Article Highlights:
The refund statute expires on May 17, 2021 for unfiled 2017 returns.
Unfiled returns will lose out on refundable credits.
Refunds may be offset by unpaid child support, past due student loans, and back taxes.
If…
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June 2021 Individual Due Dates
Business, Tax Planning7 Different Types of Income Streams for Your Business
Business, Business Development, Small BusinessHow to Evaluate Your Business Idea Before Diving In
Business, Business Development, Entrepeneurship, Small Business, StartupMade a Mistake on Your Tax Return - What Happens Now?
Tax Refund, Tax Tips, Taxes4 Ways to Stop Your Overspending
Debt, Finance Tips, Financial Planning, Personal FinanceOwe Taxes and Can’t Pay by the Due Date?
2021 Due Dates, Tax Planning, Tax Refund, Tax Tips, TaxesUnpaid Debt Taking Your Tax Refund?
Tax Refund, Tax Tips, TaxesConsequences of Filing Married Separately
2021 Tax Laws, Tax Planning, Tax Tips, TaxesThe Tax-Filing Deadline Is Around the Corner
2021 Due Dates, Tax News, Tax Tips, TaxesRefund Statute Expiring: Don’t Miss Out!
Tax Refund, Tax Tips