BabaBand

We’ve touched briefly on bunching charitable contributions in a past blog, but did you know that there are actually several different types of deductions that can be bunched? With the new, higher standard deduction set by the Tax Cuts and Jobs Act—$12,000 for individuals and $24,000 for married couples filing...

We know that filing taxes isn’t exactly a picnic for anyone. So, it’s natural that you don’t want to think about dealing with your taxes until it’s absolutely necessary. However, by starting to prepare now, and planning ahead for your 2019 tax return, you can make the filing process much...

An audit from the IRS is certainly no picnic. But it doesn’t have to be the nightmare many people believe it to be. In fact, an IRS audit can literally take a matter of minutes, depending on the exact circumstances connected to your audit. So, if you’ve received a notice...

If you haven’t filed or extended your 2018 tax return yet, the IRS is urging you to get your return filed quickly, or face an increase in your failure-to-file penalties. As of June 14th, a minimum penalty will be applied to any unfiled tax returns that have unpaid tax debt...