News and Updates

Retired (or Soon Will Be)? How to Appeal Higher Medicare Premiums

If you recently retired or soon will, and you're enrolled in Medicare (or will be), it's critical to understand Income-Related Monthly Adjustment Amounts (IRMAAs). These are essentially surcharges added to the Medicare premiums of beneficiaries with incomes above certain levels.

7 Tax Breaks for Older Taxpayers

The Internal Revenue Code has long had much to offer taxpayers who are 50 or older, nearing...

What to Do When You Can't Pay Your Tax Bill

Taxpayers often discover after their federal income tax returns are prepared that they owe more...

Demystifying the Tax Rules for Net Operating Losses

Taxpayers who suffered net operating losses (NOLs) in the 2025 tax year may hope to take advantage...

Unlocking the Power of Company Fringe Benefits: Insurance, HSAs and Retirement Planning

Company fringe benefits play a significant role in attracting and retaining employees. Beyond...

Strategies for Holding Real Property: What You Need to Know

When purchasing real estate, one of the most common questions property owners ask is whether they...

What's New With Your Form 1040 This Year

The IRS typically updates Form 1040 every year—sometimes a little, sometimes a lot. Given the many...

What Parents Need to Know About the Kiddie Tax

If you're a parent of minor children or of one or more college students, you're likely thinking...

The Tax Impact of a Home Sale in Divorce

Home sales often occur during or shortly after a divorce. With real estate values still at or near...

Tax Prep Tips ... Straight From the IRS

It's officially tax season. As you prepare your 2025 return, you can turn to many resources for...