If you haven’t filed your tax returns for 2019 and 2020, the IRS will waive 2 YEARS of failure to file penalties. The catch – you must file the returns by SEPTEMBER 30, 2022. If you have filed, but filed late, any failure to file penalties paid will be automatically refunded. Note: this relief does […]
Source: https://www.al.com/news/2022/01/no-april-15th-tax-filing-deadline-changed-for-2022.html
Source: https://humbledollar.com/2021/07/courtside-seat-iii/
On November 19, 2020, Will Janoush, an associate with our firm, gave a seminar at the Mississippi Society of Certified Public Accountants. Will was asked to present on “The Future of Tax Laws as They Relate to Estate Planning & Business Valuation.” This letter more or less tracks Will’s presentation. While Will, like most of […]
In May or June of just about every year I hear individuals complaining that their “CPA/Accountant either did a great job of getting them a refund or didn’t.” I am always fascinated by those statements, given the fact that people expect their financial accountants to work miracles after the fact. As I have told my […]
1. Don’t wait too long. Based on the studies that we are seeing, approximately 40% of the wealth in this country will transition from the baby boomers to the next generation. By and large, most of these individuals are ill-prepared to transfer this wealth either because they have done no planning to do so, or […]