Tag: Taxes

How Does the New Tax Law Affect You?

The Tax Cuts and Jobs Act 2017 (TCJA) changes are effective for 2018. The 500 page law makes lots of changes but the net effect across the board is a very small benefit to low and middle income taxpayers, and more benefits for the very wealthy. The new law keeps the seven income tax brackets but… Read More

Snowbirds and Taxes

Where you live and where you are taxed.  Many folks like to spend the cold winter months in Florida, or some other warm state, and return to northern climates for the summer. Many of these folks think that their tax status is determined by the number of days spent in each location and claim residency… Read More

Your 1040 is Done But You Can’t Pay the Balance Due

Can’t pay your income tax? Didn’t pay enough in estimates or had too little withholding? Can’t  pay at all? Do you feel like you have to choose between the frying pan and the fire? You’re not alone, and there are ways to settle up with the IRS. First, if you are considering not filing your… Read More