CPAs and Advisors
The best way to explain these concepts is by asking some of the questions my clients ask me:
What do you get when you put the words “THE” and “IRS” together. THEIRS. They will get THEIRS one way or another, but you do have a say in the matter, even when you owe them. Here is a primer. (more…)
The best way to explain these concepts is by asking some of the questions my clients ask me:
What is an IRA?
IRA stands for Individual Retirement Account, and it was created by sweeping pension reform act called ERISA in 1974. It is an account that can be designated to receive funds that accumulate tax-deferred growth. The original IRA concept, now known as a Traditional IRA, allows a taxpayer that qualifies to take a tax deduction up to a certain amount (currently $5500) with the understanding that it will not be touched until age 59 ½, after which distributions may be taken and they are included in income. (more…)
We have all heard the phrase on TV crime dramas: “He who represents himself in court has a fool for a client”. This concept applies equally to your taxes. Which leads me to my plumbing project. If you think there is no connection between my plumbing and your taxes, think again. (more…)