Using a program called SafeSend Returns to electronically deliver tax returns, KRD streamlines the process of finalizing federal and state returns. Here’s how it works.
Category: Tax – Individual/Family
CARES Act: Charitable Giving Changes Due to COVID-19
COVID-19 has presented unique opportunities for charitable giving for the 2020 tax year, which has been addressed in the new Corona Virus Aid, Relief, and Economic Security (CARES) Act.
9 Things to Do Before Year-End to Reduce Your Tax Bill
Who doesn’t want to pay less taxes, as long as it’s legally permitted? Here are nine tips to consider taking action on before 2020 comes to a close.
Intra-Family Loans: Can They Benefit Your Family?
With the estate tax exemption at approximately $11.5 million most of our clients would not achieve any transfer tax savings from making below market interest rate loans and letting their children invest the loan proceeds and earn a higher return.
Are Taxes A Part of Your Investment Strategy?
Taxes are a big drag on investment performance, greater than either commissions or management fees.
Private Foundations May Be the Right Choice for Your Family
Private foundations are an undervalued tool for both income and estate planning. They are often bashed in the press for being cumbersome and expensive to operate but we disagree with this opinion.
Loan Forgiveness Expenses Not Deductible
Learn more about this interesting ruling by the IRS.
Congress May Deliver More Money to Paycheck Protection Program (PPP)
Congress is anticipated to send $250 billion more to small businesses by the end of the week.
If You Employ Your Wife, You Could Increase Your Retirement Savings
Besides being our marital partners, our spouses are often our strategic business partners. They act as our sounding board, entertain clients, attend business social functions, fill in at the office when short-handed or perform civic and charitable work we volunteer for but do not have the time to do.
How to Protect Yourself from Tax Scams
There are many tax scams out there with the purpose of stealing your identity, stealing your money, or filing fraudulent tax returns using your private information. Tax scammers work year-round, not just during tax season and target virtually everyone. Stay alert to the ways that criminals pose as the IRS to trick you out of… Continue reading How to Protect Yourself from Tax Scams