Tag - death

10 Times When Only a Tax Professional Will Save You

10 Times When Only a Tax Professional Will Save You

10 Times When Only a Tax Professional Will Save You The Limitations of DIY Tax Preparation and How They Can Get You Into Tax Trouble The widespread availability of tax preparation software has made Do-It-Yourself tax prep easier than ever. These software packages are simple to use, with step-by-step instructions and built-in checklists that make mistakes less likely. But mistakes do happen, and when they do, the IRS will be out to collect any back taxes you might owe plus penalties [...]

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Death and Taxes- March 8, 2018

Hello All, As you may or may not know, my younger sister recently passed away. Ali and I just returned from the funeral in New York. Thank you to those of you that expressed your well wishes to us. On that sad note, I want you to know that even when there is a death in the family, there may be tax filings, from final 1040s to estate tax returns and the estate’s income return. I am an expert on the preparation [...]

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