Collaborative Tax Solutions, LLC

03/31/2023

06/04/2021

The only way to get a refund is to file a tax return. If you don't file a return, your overpayment turns into a donation to the U.S. Treasury. Here is what you should do.

Too many fail to claim their tax refunds. Could this be you? Here is what you need to know.

05/28/2021

Yikes! You just got a letter from the IRS. Here is what you should do.

You got a letter from the IRS! Pulses quicken, there is a slight hesitation prior to opening the envelope, and stress levels go up. But is the letter always right?

05/21/2021

Did you know the IRS forces you to withdraw a certain amount of money from tax-advantaged accounts during retirement? Learn more here.

Required minimum distributions are back in play. Here is what you need to know well before you reach retirement age.

05/14/2021

97% of income taxes are paid by less than 50% of the households in America. So who is paying their fair share?

With all the chatter about who is paying what in federal income taxes, wouldn't it be nice to know what the IRS statistics say they collect? Here are the facts.

05/07/2021

With the 2020 tax filing season...FINALLY... in the rearview mirror, now is the time to become aware of major changes for 2021. Here's what you need to know.

Here are major tax changes for 2021.

04/30/2021

Many pandemic related tax rules are scheduled to fall off the books in 2021. Are you prepared?

Pandemic related tax breaks expire. What should you do?

04/23/2021

The hot housing market is creating home sale gains beyond imagination. If selling a home, you need to know this tax rule.

Tax surprises often occur when selling your home. The possibility of a capital gains tax should be understood before selling your residence. Here is a summary of the rules.

04/16/2021

An enhanced child tax credit is in place this year. This is what you need to know.

The Child Tax Credit is significantly different for 2021, but just for 2021...for now. Read on...

04/09/2021

Time to make an estimated quarterly tax payment!

In our haste to meet the annual tax filing deadline, many of us overlook the need to make our quarterly estimated tax payment. Don't let this happen to you.

04/02/2021

Getting a tax refund is not all it's cracked up to be. Here are some things to consider.

For some reason, some believe it is better to receive than give when it comes to filing taxes. While that may help your savings account, it is not always a great idea. Here's why.