When speaking with eCommerce sellers, the single biggest question that comes up time and again is, “Do I need to collect sales tax?” This question is quickly followed by, if so then where and when? These are great questions and they are being asked by everyone. They are asked by eCommerce sellers their
Long-standing rules authorize valuable tax breaks for homeowners who itemize their deductions on Form 1040’s Schedule A. They’re able to claim annual write-offs for payments of mortgage interest and property taxes. I noted in previous columns some of the changes introduced by the Tax Cuts and Jobs Act that Congress passed in December of 2017.
The other day, I received an e-mail from a couple I’ll call David and Ruth. They both work and own a 3-bedroom home that costs them just $1,000 monthly for real estate taxes and mortgage payments. As they plan to move into a new dwelling, one option is to convert their present place into a
As the warmer weather finally makes an appearance, many of us are dreaming about summer: lazy days spent by the pool, at the shore or just sprawling in the grass (although, honestly, those of us with kids know that this never actually happens). With a more relaxed schedule, summer can be a great time to catch
When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf, and restaurant meals you have ahead of you. You’ve earned it! Unfortunately, many retirees discover too late that the fun times have to be curtailed by 10%, 15% or more — the cumulative impact of federal and state taxes on
Hopefully, you haven’t misplaced or thrown away your 2017 W-2s or 1099s yet. While you may have made it through another tax season, you’ll need to file those docs away somewhere safe for the next few years. You should hang on to your tax returns indefinitely (an electronic copy of everything is fine). That’s not