The Taxman Blog

Managing Your Mortgage and Retirement

Managing Your Mortgage and Retirement

Here at Taxman & Associates, we want to make sure that you are managing your money in the smartest way possible. We all know that debt is something we would all like to be rid of, but how can we make sure that you are using your mortgage debt and cash on hand to...

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Year-End Tax Planning

Year-End Tax Planning

The end of 2019 is almost here, and we at Taxman & Associates want to make sure that we are helping you minimize what you owe in 2020. With the amount of changes to US tax laws since 2018, how are you lowering your tax liability? Merrill Edge created a good...

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How Will the 2020 Audit Plan Affect You?

How Will the 2020 Audit Plan Affect You?

  The 2018 tax season is over, and we've made it out alive! It's now time to look forward to the 2019 season and we are gearing up for some possible changes to the US tax code. Treasury Inspector General for Tax Administration (TIGTA) has just released their 2020...

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Will Your 2018 Tax Return Fit On A Postcard?

Will Your 2018 Tax Return Fit On A Postcard?

It's time to start thinking about next year's taxes, and I've been getting lots of questions about the new tax laws. The Trump Administration promised a tax return that would fit on a postcard. The new Form 1040 for 2018 is indeed smaller, but is it simpler? The...

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Are You Withholding Enough?

With the new tax laws in place, there's plenty of reason to take a fresh look at your tax planning strategy. One of the key areas to reevaluate will be your withholding. "Just over 2 in 10 taxpayers will owe money to the IRS next year" due to insufficient withholding,...

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The Trump Administration’s New Tax Framework

The Trump Administration has finally published its plan for tax reform, titled a "UNIFIED FRAMEWORK FOR FIXING OUR BROKEN TAX CODE." Under the "Tax Reform" heading is the tagline: "MORE jobs | FAIRER taxes | BIGGER paychecks." Give it a read here:...

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