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The last thing you want to think about when divorcing is taxes. However, how you respond can have massive negative consequences on your finances and taxes. Please take a few minutes to check out this link if you are going through this horrible life event: https://content.govdelivery.com/accounts/USIRS/bulletins/3682f5b?reqfrom=share

At the end of the year charities often get the majority of their donations. It is important to understand how this effects your taxes. To deduct the donations on your taxes they must be a non-profit and get a receipt. The receipt can be a cashed check or a written receipt from the charity. If you need help planning or understanding these rules please message me.

https://content.govdelivery.com/accounts/USIRS/bulletins/337e54c?reqfrom=share

1099s have gotten more complex and in many ways confusing over the last couple of years. They have several particular versions currently which helps the IRS decipher what the funds are for and from. If you get a bunch of them in 2023 it could just be verification of the income you already are aware of. Knowing what these are for and what they mean is important as the spring dawns. Read the attached article if you take payments via payment apps or cards of any type.

#KnowYourNumbers

https://content.govdelivery.com/accounts/USIRS/bulletins/334163b?reqfrom=share

https://content.govdelivery.com/accounts/USIRS/bulletins/3324bd1?reqfrom=share

One of the services I offer is tax planning. If you don’t pay in enough during the year, you can incur penalties and interest. If you have changes in income such as a side hustle or starting a new business let’s sit down and plan for your tax bill now.

This is super cool. There are sign language interpreters available for taxpayers that need help communicating with the IRS. There are even forms and documents available in Braille or large print. If you have a vision impaired person in your life share this link with them:

https://content.govdelivery.com/accounts/USIRS/bulletins/3321163?reqfrom=share