Tag Archives | taxes
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Taxes All Done? Here’s When It’s Safe To Shred Those Receipts

Congratulations! Your 2021 taxes have been filed. So, is it safe now to throw away all those receipts, statements, and confirmations? Kiplinger reporter Rivan V. Stinson explains in a recent article what you need to keep, and what it’s safe to shred. “Generally, the IRS has three years from the date you file to audit your […]

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Don’t Forget! Quarterly Tax Estimates Due January 18

Do you pay quarterly estimated taxes? Many of our clients do. You may need to submit taxes quarterly if your tax withholding throughout the year is not sufficient to cover total taxes owed, or if you receive investment, retirement or self-employment income not subject to withholding. A quick reminder that your next quarterly tax payments are due Tuesday, […]

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Ask Mari: I Just Sold My House. Do I Owe Taxes?

Home prices are on fire in South Florida and elsewhere. No wonder several of our clients are taking advantage of sky-high real estate valuations to sell. But once you sell, could some of that money be owed to the IRS for taxes? That’s one of the most common questions our clients are asking. Here’s a […]

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Understanding Your Taxes: Just What Is Form 5498 And Why Are They Sending It To Me?

Some of our clients have been calling with questions about Form 5498, a tax reporting form they recently received online or in the mail. If you’re the kind of person who likes to understand how things work, or are curious as to why you’re receiving this form long after the tax deadline, here’s the inside scoop: Does everyone […]

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Sold Bitcoin? The IRS May Want To Talk To You

Sold Bitcoin or other digital currencies? Don’t be surprised if the IRS comes knocking on your door looking for any taxes due, says a recent Wall Street Journal article. The Internal Revenue Service is sending warning letters to more than 10,000 Bitcoin and other cryptocurrency holders, reports the Journal. It got their names from a popular […]

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