by PTF | Mar 21, 2021 | Individuals, Planning Services
Required Minimum IRA Distributions Will Resume in 2021 Article Highlights: CARES Act Moratorium RMD Resumptions Age Considerations Figuring out the RMD Amount Penalty for Not Taking an RMD No Maximum Limit IRA-to-Charity Transfers As part of the CARES Act, the...
by PTF | Feb 24, 2021 | Planning Services, Tax Preparation
Obscure and Overlooked Tax Deductions, Credits, and Benefits Article Highlights: State Income Tax Refund Social Security Taxes Deduction NOL Carryback Charitable Contribution Deduction for Non-Itemizers PPP Loan Expenses Military Reservist Travel Expenses Child’s...
by PTF | Jan 18, 2021 | Articles, Business Services, Planning Services, Resource
If you are a small business owner, every penny of your income counts. This means that you not only want to optimize your revenue, but also minimize your expenses and your tax liability. Unfortunately, far too many entrepreneurs are not well-versed on the tricks and...
by PTF | Jan 16, 2021 | Planning Services, Tax Preparation
What Are the Tax Advantages of Home Ownership? Article Highlights: Historically Low Interest Rates Purchase Costs Points Mortgage Payments Refinancing Property Taxes Inflation Gain Exclusion Renting Versus Owning Worksheet to Analyze Costs Housing is a big expense for...
by PTF | Jan 14, 2021 | Business Services, Individuals, Planning Services, Resource, Tax Preparation
How to Address Rising Tax Problems During COVID-19 COVID-19 has caused the death of over 300,000 people. There have been nearly 19 million reported cases in the United States. COVID-19 has touched nearly every aspect of the lives of every American. It has even...
by PTF | Jan 13, 2021 | Planning Services, Resource
Saver’s Credit Can Help You Save for Retirement Article Highlights: Benefits Eligible Taxpayers Rules for Students, Dependents of Others and Individuals Under the Age of 18 Due Date for Contributions Low- and moderate-income workers can take steps to save for...
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