Integrity Tax and Business Services LLC

09/20/2024

Planning for retirement? Don't get caught off guard by these potential tax surprises.

Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years.

09/13/2024

To claim the head of household filing status you cannot be married, you pay half the cost to keep up your home and you have a qualifying person living with you for at least half the year.

The head of household filing status is often misunderstood and overlooked. The IRS provides three requirements that need to be met in order to claim. Does it make sense for you?

09/06/2024

Reminder: 3Q estimated taxes are due Monday, September 16. Here are some things to consider.

If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Monday, September 16th.

08/30/2024

Taxes and the amount you pay is not all up to chance. Here are a dozen reasons to sit down with a professional to review your situation.

08/23/2024

Avoid the mismatch tax headache. Here are some tips.

One of the most common types of audits is a correspondence audit caused by reporting inconsistencies with information supplied to the IRS. Here is a tip to keep this from happening to you.

08/16/2024

Standard deduction limits remain high through 2025. But there are exceptions. Check out these opportunities.

If you own a home you probably itemize your deductions on your tax return. But what if you do not itemize? Can someone using the standard deduction still get a tax break?

08/09/2024

Basis. A tax term that can be anything but obvious. Here is what you need to know.

This commonly used tax term is anything but common to most of us. Knowing the basics of basis can serve to lower your tax obligation when you sell property.

08/02/2024

Most workers ignore Social Security benefits until they are ready to retire. Bad idea. This is how it works.

When you're young, Social Security is often the last thing you think about. But it's NEVER too early to understand how it works. It can make a large difference in the amount of the checks you will eventually be receiving.

07/26/2024

Is your personal information secure? It should be, per the federal government. Here is what you need to know.

Personally Identifiable Information, or (PII), is in the spotlight at the IRS and FTC. You should know what it means and how it applies to you and the protection of your tax information. Here are some thoughts.

07/19/2024

Keeping a good record keeping system is essential to your audit defense plan. Start now to avoid having to track down old receipts during an audit.

Separating truth from fiction about IRS audits is an important exercise for everyone. Here are 5 audit myths that, if believed, can cost you.

07/12/2024

Is your activity a hobby or a business? You might be surprised by the tax savings in your future if you get this one right.

Turning your hobby into a business can get you a big tax benefit if you do it right - or a big tax headache if you do it wrong.

07/05/2024

Selling stock at a loss? Know the wash sale rule before you do.

If selling a stock or mutual fund to book a loss for your tax return, the wash sale rules are worth knowing. For the unaware, this rule could cost you a loss deduction.