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Returning Value Blog

Take The Lottery Money and Run?

Posted by Lisa Albritton on Sep 15, 2017

 

What to expect if you win the big lottery jackpot.

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Posted in Individual Tax

How Caregivers Can Catch a (Tax) Break

Posted by Jessica L. Pagan, CPA on Aug 25, 2017

Ways to ease the financial burden of caring for elderly relatives.

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Posted in Individual Tax

Entering a Roth Through the Back Door

Posted by Don G. Chastain, CPA on Aug 07, 2017

Is this retirement strategy right for you?

The door to Roth IRAs is closed to some high-income taxpayers because of annual limits imposed on contributions. But you may be able to use a “back-door” method that is perfectly legal. This technique may help you preserve more assets for your eventual retirement.

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Posted in Individual Tax

Even Geniuses Can Have Trouble With Income Taxes.

Posted by Aaron K. Waller, CPA on Jul 26, 2017

Understanding tax codes can be a difficult and a time-consuming endeavor. Leave it to a tax professional who will keep you in compliance while minimizing your tax liability.

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Posted in Individual Tax

What is FATCA?

Posted by Trisha Williams, CPA on Jul 25, 2017

You may need to report your foreign investments to the IRS.

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Posted in Individual Tax

Real Estate Professional - Substantiation of Participation in Activities

Posted by Lesley L. Price, CPA on Jul 21, 2017

Summary

Two recent Tax Court cases have examined substantiation of taxpayers’ qualification as real estate professionals. 
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Posted in Individual Tax

Tax Angles for Self-employed Individuals

Posted by Marty Williams, CPA on Jul 20, 2017

Numerous tax aspects to consider

Being self-employed has its advantages and disadvantages. As the person in charge of your business affairs, you can set your own schedule and generally have more flexibility than someone in a 9-to-5 job. On the other hand, you are fully responsible for the bottom line, often with little or no backup to rely on.

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Posted in Individual Tax

What Does It Cost To Raise A Child In The U.S.?

Posted by Lisa Albritton on Jun 29, 2017

Kids are expensive, but tax breaks can help parents.

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Posted in Individual Tax

Seven Midyear Strategies in Vogue

Posted by Marty Williams, CPA on Jun 19, 2017

Popular ideas for individuals and businesses

While the climate for tax reform remains uncertain, individual taxpayers and small-business owners are advised to act based on the current laws of the land, unless there is a definite change. Keeping that in mind, here are seven ideas to consider as we head into summer.

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Posted in Individual Tax

Does the IRS Really Make Unannounced Visits to Taxpayer's Homes?

Posted by Lisa Albritton on Jun 16, 2017

The IRS initiates most contacts through regular mail delivered by the United States Postal Service. However, there are circumstances in which the IRS will call or come to a home or business

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Posted in Individual Tax

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