This is the week when tax filing mess-ups hit the fan again. The tax extension deadline on Monday, October 16 will still see McMinnville people not filing (even though they did file an extension request and get approved). And in preparing things, it will reveal bigger...

I’m curious – if you participate in March Madness, what’s your strategy? Are you a close-your-eyes-and-pick-er? Or maybe you toil over your bracket for hours, using all the stats you can get your hands on.Well, if your strategy isn’t serving you well so far, there’s...

Let me start today by sending out my thoughts and prayers to those devastated by the flooding in Kerr County and other parts of Central and South Central Texas. The destruction alone is incredibly hard to see..But maybe what hits so close to home is the loss of the...

The economy has caused some turmoil as of late. Markets haven’t been kind for the last couple weeks, and it is yet to be seen what impacts the student loan relief will have on the economy at large (if it, indeed, doesn’t get struck down by legal challenge). And...

No, it might not technically be summer yet, but wars are certainly beginning between car AC systems and the sun in many parts of the country. Things are heating up literally and legislatively (forgive me for being corny), and your wallet might start feeling the...

Key TakeawaysThe IRS requires three separate forms of proof for nearly every deductible business expense: purchase, payment, and purpose. Missing even one element can lead to a denied deduction and possibly trigger a 20% Accuracy-Related Penalty. Certain...

Start booking your Florida beachside condo: So far this current tax season, the average refund amount is up by 18.6 percent since last year (jumping from 1.7K to 2K). I kid about the beachside condo – this isn’t the bonus you might think it is. A high refund...

 Key TakeawaysA federal tax extension gives you until October 15 to file your individual return, but it does not extend the time to pay tax due. Filing an extension makes sense when your return would otherwise be incomplete or inaccurate. You should...

Key Takeaways The Streamlined Installment Agreement (SIA) is an ideal option for paying back taxes to the IRS… IF you owe $50,000 or less. Most people get immediate approval... no financial disclosures required. You have 72 months to pay off your...

It’s easy to paint the IRS as the villain in every taxpayer’s story. There seem to be more IRS problems than IRS solutions. It can feel like they’re crouching in the shadows of your tax filing, ready to pounce on any sort of error. And they don’t hold back when...