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Returning Value Blog

Individual Taxpayers On Extension in 2017 Are Running Out of Time To File

Posted by Lesley L. Price, CPA on Oct 10, 2017

If you have not filed your taxes, you are quickly running out of time. The deadline for all individual taxpayers who filed for an extension is Monday, October 16, 2017, since October 15, falls on a weekend. You must file and pay any balance due next week.

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Posted in Individual Tax

Tax Implications Of The Sharing Economy

Posted by Lisa Albritton on Oct 03, 2017

Do you provide car rides through a mobile app, rent out your spare room using an online platform or repair computers for local businesses on demand? If so, you may be considered part of the "sharing economy" also known as the Gig or on-demand economy.

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Posted in Individual Tax

Tax Break Helps Storm Survivors

Posted by Jessica L. Pagan, CPA on Oct 02, 2017

 

How to claim the casualty loss deduction after a disaster.

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Posted in Individual Tax

What You Need to Know…And Do…About the Massive Equifax Cyberbreach

Posted by Michael D. Machen, CPA, CVA on Sep 22, 2017

Can you imagine a cyberbreach affecting one-third of the U.S. population? That’s exactly what happened with the Equifax breach earlier this month, and it is important that we share the steps you should follow to best protect yourself and your family.

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Posted in Individual Tax

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

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