Do You Have a Hobby or a Business Activity? Your Answer Matters A Lot…

Highlights of the article:   Hobby vs. For-Profit Business   • For-Profit Factors  • The Three-Out-of-Five Rule  • Hobby Deductions  • Sales from Coll...

The Future of Child Tax Credit in Charlotte

Article Highlights: Past changes to child tax credit Senators and their opinions on what should happen in 2022 Owing funds  Advance credit payments Le...

Have You Been Stuck On Hold With the IRS For Hours This January?

We look into the customer service and staffing issues at the IRS Highlights of the article: Are you in for a long tax season? Avoiding delays in proce...

How Does A Non-Working Spouse Qualify for Spousal IRAs?

Article Highlights:   Compensation Requirements Spousal IRA Traditional or Roth IRA? Maximum Contribution As a result of the COVID-19 pandemic, millio...

Are You a Bunching Candidate?

Article Highlights: Standard Deductions  Itemized Deductions  Bunching Strategy  Medical Expenses  Taxes  Charitable Contributions  The 2017 Tax Cuts ...

Individual Due Dates in December 2021

December 1 - Time for Year-End Tax Planning December is the time to do any last-minute tasks that may have an impact on your tax return in 2021. Call ...

The House Passed the Build Back Better Act; Fate of the Bill Now Rests With the Senate

Article Highlights: Build Back Better Act  Senate is Next  Summary of Certain Provisions Included in the House Version  Notable Provisions That Are Ab...