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March News To Know

Advance Child Tax Credit (CTC) — Our recent article on the CTC helps explain the changes that need to be considered when filing your 2021 taxes. In order to appropriately record this credit and to avoid unexpected delays in return processing and refunds, you need to provide Form 6419 or a summary of the advanced […]
March 11, 2022
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IRS Cracks Down on Crypto in 2022 Tax Season: What You Need To Know

Trading in cryptocurrency (also called “virtual currency” or “digital currency”) has risen exponentially in recent years. As it has become more common, it has also grown bigger on the IRS’ radar screen. For the second year in a row, Form 1040 (pictured below) includes a question about cryptocurrency at the top of the first page.  […]
January 12, 2022
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Planning Ahead After An Election Year

Dear Clients and Friends, In our message last week, we talked about the importance of proactive tax planning, and shared a comparison chart of the two tax policy proposals, which we hope you found useful. With elections less than one week away, it’s important to also identify how the outcomes can affect your home state’s income tax as well. […]
October 30, 2020
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Tax Planning For Post-Election Without A Crystal Ball

Dear Clients and Friends,  2020 has already been an exceptional year—one that has demonstrated the importance of planning for the unexpected. The big unknown ahead of us now is the results of the presidential election on November 3rd. Will Republicans win a second term, or will Democrats take the White House? Which leads to the question: How will this affect […]
October 21, 2020
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