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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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My Tax Blog

December 13, 2024 | 2020
Tax Scams–Don’t Believe Everything You Hear. . .

Scams: Fake Charities. To verify Charity legitimacy or tax donation deductibility, check the IRS Charity Database at https://www.irs.gov/charities-non-profits/tax-exempt-organization-search Fake IRS bills/telephone calls. a. IRS contacts by MAIL. To check IRS bill legitimacy, log on to your IRS account or call their office (800-829-1040). IRS does not call and threaten people. Hang up! b. Ohio Taxation … Tax Scams–Don’t Believe Everything You Hear. . .

December 13, 2024 | 2020
But I Can’t Afford a Tax Preparer . . .

If Can’t Afford a Tax Preparer, Check With: Your bank (some offer free tax preparation). Local college (Accounting majors need experience!) IRS Volunteer Income Tax Assistance (VITA) or Tax Assistance for Elderly (TCE) preparation sites 888-227-7669.or https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers info only available during tax season =January Through April 2025. IRS Free File Program. If qualify will receive … But I Can’t Afford a Tax Preparer . . .

January 28, 2022 | 2021
Tax Season Update–The Opener

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IRS started accepting 2021 individual returns on January 24, 2022. It’s not going to be the same as in prior years. Expect refund delays. As of January 27, 2022 haven’t received any guidance for return processing time or refunds. To speed refund delivery: 1. File early 2. File an accurate return. Verify the Stimulus … Tax Season Update–The Opener

January 10, 2022 | 2021
Tax Cliff Notes: Filing? Credits? Refunds?

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IRS plans to start accepting individual tax returns on January 24. Tax preparers may be preparing returns before January 24 so they can be filed as soon as the IRS is ready. Taxpayers receiving Earned Income Credit or Child Tax Credit on the return may have a delayed refund. IRS is statutorily allowed to … Tax Cliff Notes: Filing? Credits? Refunds?

December 30, 2021 | 2021
Year End Tax Savings. . . for 2021

Man & woman setting at desk with papwers. Man is covering face with hand head lowered. Woman is covering her mouth with her hand

The year is over tomorrow and taxes were back burnered. . . (no pressure). What to do, don’t want to owe . . . As requested. . . For individuals: Pay outstanding medical bills. Keep track of total medical paid (doctor, hospital, labs, prescriptions, medical mileage, medical insurance paid out of pocket etc) for … Year End Tax Savings. . . for 2021

December 21, 2021 | 2021
Odds & Ends 2022 Mileage Rates

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In case you haven’t heard, Congress gave the IRS and all taxpayers like you a gift for Christmas (maybe not what you expected). They have paused the Build Back Better debate for 2021. The law may be considered again for passage in 2022 session. IF the law had been passed this late in the … Odds & Ends 2022 Mileage Rates

December 9, 2021 | 2021
Facts & Figures 2021 Tax year & Some For Tax Year 2022

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Build Back Back Better (“BBB”) is still being negotiated So here is something a little more concrete: The numbers and limits for 2021 tax season: FACTS & FIGURES, TBA=To be announced Tax Year 2021 2022 Social Security COLA 1.3% 5.9% Part B premium- income < $85,000 … Facts & Figures 2021 Tax year & Some For Tax Year 2022

November 23, 2021 | 2021
Build Back Better, the Saga Continues

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Yes it has passed the House but it must also pass the Senate before the Bill can become law. What’s in it? That depends on which version is being discussed. Provisions will change until its submitted to the President’s desk. What’s in the House Build Back Better Plan? Careful, what is currently in it … Build Back Better, the Saga Continues

November 9, 2021 | 2021
MUSICAL CHAIRS & 2021 TAX RATES

Congress is still hammering out provisions of the Build Back Better plan. Some provisions have been modified and other provisions have been removed. The bank reporting of deposits of $600 or more have been changed to $10,000 or more (contacting Congress DOES change things?!). So looking to those things that are already determined … MUSICAL CHAIRS & 2021 TAX RATES

September 15, 2021 | 2021
Tax Increases and the Slowly Roasted Frog. . .

An old parable indicates that a live frog will consent to being cooked if the heat is slowly increased. Seems that the same principle applies to taxes. Part of the Build Back Better Act of 2021 is being crafted in the House Ways and Means Committee. It’s not law yet, but the provisions discussed … Tax Increases and the Slowly Roasted Frog. . .

Welcome

My Tax Blog

December 13, 2024 | 2020 Tax Scams–Don’t Believe Everything You Hear. . .

December 13, 2024 | 2020 But I Can’t Afford a Tax Preparer . . .

January 28, 2022 | 2021 Tax Season Update–The Opener

January 10, 2022 | 2021 Tax Cliff Notes: Filing? Credits? Refunds?

December 30, 2021 | 2021 Year End Tax Savings. . . for 2021

December 21, 2021 | 2021 Odds & Ends 2022 Mileage Rates

December 9, 2021 | 2021 Facts & Figures 2021 Tax year & Some For Tax Year 2022

November 23, 2021 | 2021 Build Back Better, the Saga Continues

November 9, 2021 | 2021 MUSICAL CHAIRS & 2021 TAX RATES

September 15, 2021 | 2021 Tax Increases and the Slowly Roasted Frog. . .

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