With the October 15th extended tax filing deadline rapidly approaching, individuals and businesses who requested an extension back in April must act now to finalize and submit their tax returns. This deadline marks the final opportunity to submit your … Continue reading
Blog
IRS Finalizes Rules on Consistent Basis Reporting for Inherited Property
On Monday, the IRS finalized rules requiring that the value of inherited property used by beneficiaries matches the value reported on the estate’s tax return. These rules clarify reporting requirements and prevent underreporting gains or overreporting losses.… Continue reading
Adulting 101: Gen Z’s Beginner Guide to Taxes
Twenty five percent of Gen Zers say that they will need a therapist to deal with tax filing stress (Source) Taxes can stress out anyone at any age but, navigating the system for the first time can be particularly overwhelming. … Continue reading
The Top Eight Books to Read About Money and Finances
Navigating the world of personal finance can be daunting. However, having the right resources can make all the difference. Whether you are a financial newcomer or looking to deepen your understanding, these eight books offer invaluable insights and practical advice … Continue reading
Don’t get taxed twice! A guide for Snowbirds
While people are enjoying the warm, sunny weather this summer in the Northeast, it’s never too early for snowbirds to start thinking about their plans. The snowbird lifestyle offers not just an escape from the cold but also an opportunity … Continue reading
Beyond the dream: Owning a home in the era of student debt
The dream of homeownership, once a cornerstone of the American dream, has grown increasingly out of reach for younger generations. It’s important for parents to understand the financial landscape has shifted dramatically from the time they were young adults. Today’s … Continue reading
Student Loan Debt Bootcamp
As higher education becomes increasingly expensive, student debt has become more prolific. With the cost of tuition rising and wages often stagnating, managing student loans can feel overwhelming. However, with the right strategies and often with the help of a … Continue reading
Inflation Survival Strategies
In the past few years, inflation has become a hot topic in conversations about the economy. While the economic climate is always shifting, understanding how to navigate inflation is essential for individuals. With global events leading to even more uncertainty, … Continue reading
IRS Mixed Up Deceased & Alive Taxpayer Accounts – DSJ Breakdown
In order to prevent identity theft and other forms of fraud, the Internal Revenue Service routinely locks the accounts of deceased taxpayers. Recently, the agency has also developed an indicator that automatically locks the accounts of millions of … Continue reading