This is not meant to be an all-in total tax guide, but rather some valuable high-level education on taxes to help you dig deeper and minimize your tax liability. As every situation is different, a tax expert should be consulted. The best place to start is to begin to educate yourself as to how … [Read more...] about How to Minimize Taxes
Taxes
Governor Ducey’s Budget Focuses On Education, Tax Relief
Governor Doug Ducey today released his fiscally responsible, recovery-focused budget for Fiscal Year 2022. With a resilient economy, the budget makes historic investments in K-12 education, public health, public safety, wildfire prevention, infrastructure, and more, while also providing tax relief … [Read more...] about Governor Ducey’s Budget Focuses On Education, Tax Relief
Do Not Ignore Letters from the IRS
Every year, around one million new tax collection cases are put in motion by the IRS on people who owe money to the IRS. If you are one of these targets, you should not ignore the letters and attempts to contact by the IRS or any other taxing authority. Most people who go into collection status by … [Read more...] about Do Not Ignore Letters from the IRS
Understanding the Value of an Enrolled Agent When Preparing Tax Returns
Most folks who have a business or work and pay taxes, we would hope, will choose a licensed tax practitioner to do their tax return. In some cases, where a taxpayer has a very simple tax situation, they can do it themselves or be somewhat confident in having someone else do their return. This does, … [Read more...] about Understanding the Value of an Enrolled Agent When Preparing Tax Returns
Guarding Your Retirement From Taxes
In order to have the comfortable retirement you’ve hoped for, you need to start planning responsibly –and early – in your career. Over time, you can get closer to your retirement goals with money that is placed in accounts like an IRA or 401(k). Once you reach retirement, however, all the money … [Read more...] about Guarding Your Retirement From Taxes
