Individual Tax Topics

Insights on individual income tax issues, reporting, and planning considerations.

Student Loan Interest and Taxes

Student Loan Interest and Taxes The federal government recognizes the financial burden that higher education and related student loans can place on borrowers. To address this, the IRS offers certain…

Last Warning… Extension Deadline is Friday

Last Warning… Extension Deadline is Friday Over the past several weeks I’ve been providing last minute planning ideas for your 2020 returns on extension. Today I will concentrate on the…

Does Your Client Really Need a Trust?

Does Your Client Really Need a Trust? Before I begin this discussion be reminded that I am not an attorney, and my conversation today is not designed to provide legal…

How Long Can You Deduct Standard Mileage on the Same Vehicle?

How Long Can You Deduct Standard Mileage on the Same Vehicle? To get in the right frame of mind for this blog, we recommend listening to I’m in Love with…

Mid-Year Tax Planning Ideas for Tax Professionals

Mid-Year Tax Planning Ideas for Tax Professionals It’s time for a mid-year checkup. In today’s blog, Tom shares some planning ideas for tax professionals such as estimating 2021 income and…

May 17 Filing Deadline Tidbits

May 17 Filing Deadline Tidbits Tom reminds of us of the May 17 filing deadline, including what is and isn’t due today. He also shares what an extension gives our…