att and Lynné Montgomery moved their family to Italy recently for a three-year assignment. He is a scientist in the U.S. military. She is home schooling their four children, ages 1 to 6. With 15 years’ service, Matt Montgomery, 38 years old, is now considering what he might do in five years when he will be eligible for a pension worth one-half of his base pay, currently $108,000.

You feel great because you just filed your tax returns. What a relief! Then, just when you think all is well, you get a set of corrected 1099’s in the mail. So now, the returns you just filed report incorrect information. What do you do next? File amended returns, or play roulette and see if you get any notices? Sometimes, errors are best left to the IRS to correct, and sometimes not.

Here is a great article for small businesses that we had CHAT GPT create.

College decision time is now for many high school seniors. Here is a helpful article on withdrawing funds from 529 college savings plans.

When it comes to tax season, maximizing your deductions is key to minimizing your overall tax liability. Here are some tips to help you make the most of your deductions and potentially increase your tax refund:

The IRS has drastically changed the filing requirements for Form 1099s starting January 2024. The IRS originally required the forms to be electronically filed if filing over 250 information returns. Starting in January, the filing requirement will be 10 returns. This number would combine Forms W-2 and 1099s.