As the festive season approaches and the year draws to a close, it’s an opportune time to review your financial strategies, particularly when it comes to United States federal income taxes. Effective tax planning can significantly impact your financial health, and the end of the year presents a unique opportunity to maximize your tax deductions […]
Digital Tax Guide for Small Business Owners Tax laws and their intricacies can often feel like a maze, especially for small business owners. With the whirlwind of changes post-COVID-19 and the digital shift of the IRS, it’s crucial to stay informed. Let’s embark on a journey to understand these changes and how they impact your […]
In today’s dynamic job market, it’s unfortunate but true that some individuals may face job losses. If you’ve recently been laid off or terminated, it’s understandable that taxes might not be at the forefront of your concerns. However, it’s essential to be aware of the potential tax implications after job loss that can arise due […]
Hey there, amazing clients and friends of Rick S. Vourganas CPA Firm!We hope you’re soaking up the sun and making the most of this fantastic summer! As the temperature rises, we’re here to share some sizzling insights that blend the joys of the season with smart tax tips. After all, staying informed while having fun […]
Over the years, millions of Americans had small amounts of money taken out of their paychecks before taxes were collected and put into retirement plans. The Internal Revenue Service is reminding these taxpayers, who are either already retired or getting ready to retire, that they have to take money out of their retirement accounts.The IRS […]
How Taxpayers Can Make Sure Their Donations Are Tax-Deductible CONTACT US TODAY to book your FREE consultation! It’s that time of year when taxpayers are thinking about how they want to give back, and many taxpayers will want to donate to a charity that means something to them. The IRS has a tool that may […]
By Joseph Bassett (edited by Jason Watson. CPA) The Section 199A deduction was derived from the Tax Cuts and Job Acts and, thanks to our Congress, is one of the more complicated business tax deductions. Our website has a multitude of posts to help you understand the Section 199A deduction, but it is essentially the […]
CONTACT US TODAY to book your FREE consultation! What’s the Difference? When a taxpayer files their tax return, they need to know their filing status. What folks should remember is that a taxpayer’s status could change during the year. So, any time is a good a time for a taxpayer to learn about the different […]
CONTACT US TODAY to book your FREE consultation! It’s almost here… It’s almost here…the filing deadline for taxpayers who requested an extension to file their 2018 tax return. This year’s deadline is Tues-day, October 15. Even though time before the extension deadline is dwindling, there’s still time for tax-payers to file a complete and accurate […]
CONTACT US TODAY to book your FREE consultation! How To Use Your 2018 Tax Return To Estimate Your 2019 Tax Withholding Millions of people have filed their 2018 tax return, making this a prime time to consider whether their tax situation came out as expected. If not, taxpayers can use their finished 2018 return and […]
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