Do Give to Charity, but Don’t Count on a Tax Deduction
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Do Give to Charity, but Don’t Count on a Tax Deduction

by John Waggoner, AARP, November 26, 2019 Only itemized 1040 returns may qualify, so plan ahead for your 2019 filing As we move into the holiday season, charities have visions of fat checks dancing in their heads. And if you want to give to the local hound rescue or the University of Southern California crew team,...

Black Friday vs Cyber Monday: what’s the difference?
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Black Friday vs Cyber Monday: what’s the difference?

By Olivia Tambini via techradar.com It’s that time of year again; Black Friday and Cyber Monday 2019 are fast approaching, and stores like Amazon, Walmart, and Best Buy are already launching their best Black Friday deals  in the run up to the big day on November 29. Black Friday, which now takes up most of November, is one of the best times of the year to...

10 Top Year-End Tax Tips
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10 Top Year-End Tax Tips

By Maryalene LaPonsie, U.S. News Contributor WITH THE WINTER holidays looming, the clock is ticking for taxpayers who want to minimize what they will pay next spring. “There are very few (tax-saving) things that we can do after the start of the year,” says Ed Zollars, a CPA and instructor with Kaplan Professional Education, which provides continuing...

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Great Time for a GRAT

A grantor retained annuity trust can form the cornerstone of an estate plan. By Megan M. Burke, CPA, Ph.D.October 1, 2019 *Published via Journal of Accountancy https://www.journalofaccountancy.com/ Grantor retained annuity trusts (GRATs) ­represent an opportunity for a client to transfer appreciating assets to the next generation with little to no gift or estate tax consequences....

2018-2019 Tax Planning Guide Now Available
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2018-2019 Tax Planning Guide Now Available

You’ll find the online 2018-2019 Tax Planning Guide on our website under TOOLS/TAX GUIDE. The Tax Guide is full of helpful information, including: The Tax Cuts and Jobs Act of 2017 New Tax Rate Reductions Education Strategies Business Tax Strategies …and many other topics. If you have any questions about the new tax laws and...

When Should You Keep Tax Records For More Than Three Years?
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When Should You Keep Tax Records For More Than Three Years?

Via: AccountingWeb.com Written by: Dave Barry, Esq. Published November 20, 2018 How long do you have to keep your tax records? The usual answer is at least three years, but there may be extenuating circumstances. In a new, unpublished decision handed down by the Fourth Circuit Court of Appeals, Forde, CA-4 No. 18-1584, 11/13/18, a taxpayer would...

Practicing Gratitude
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Practicing Gratitude

Happy November!  Expressing gratitude for your life and the good things in it daily is a wonderful & healthy thing to be doing year round, but especially during the month of November!  Practicing gratitude in a real and meaningful way leading up to Thanksgiving is a perfect way to kick off the holidays.  I’ve found...

IRS: Tax Inflation Adjustments for Tax Year 2019
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IRS: Tax Inflation Adjustments for Tax Year 2019

IR-2018-222, November 15, 2018 WASHINGTON — The Internal Revenue Service today announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2018-57 provides details about these annual adjustments. The tax year 2019 adjustments generally are used on tax returns filed in 2020....

U.S. Breaks Up Fake I.R.S. Phone Scam Operation
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U.S. Breaks Up Fake I.R.S. Phone Scam Operation

By Christine Hauser New York Times With stiff sentences for 21 conspirators last week in the United States and a round of indictments in India, the Justice Department says it has broken up what appeared to be the nation’s first large-scale, multinational telephone fraud operation. Over four years, more than 15,000 victims in the United States...

Smith’s Creates 270 New Jobs with Reveal of Henderson Distribution Center
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Smith’s Creates 270 New Jobs with Reveal of Henderson Distribution Center

www.NevadaBusiness.com June 15, 2018, By Greg Ferraro With the assistance of Las Vegas Global Economic Alliance and partnership with the City of Henderson, Smith’s Food & Drug Stores plans to open a nearly $13.5 million dry-good distribution center in Henderson, Nevada. The grocer will lease the new facility from Panattoni Development, the entity that developed the site....