Sign Your E-File Authorization Form

When completing a manual or paper tax return, you know how important it is to sign and date the document before mailing it in in order to make it legally binding. What about electronic filing – is signing still important? Our CPAs are breaking down why you need to sign your e-file authorization form and […]

Child Tax Credit Payments: Everything You Need to Know

Families with dependent children are seeing the Child Tax Credit payments hit their bank accounts or arriving in the mail this week. Designed to reduce child poverty, ease some of the financial burdens caused by COVID-19, and stimulate the economy, these payments allow parents and caregivers to receive half the child tax credit in monthly […]

Will I Have to Pay Tax on an Inheritance

If you’ve received an inheritance, whether it’s property, money, or investments, your first question or concern is probably related to taxes and whether you’ll end up owing the government after the loss of a loved one. The good news is that most people don’t need to worry about inheritance and estate taxes, but there are […]

Do I Have to Pay Taxes on Stocks?

You know that any income you earn, whether it’s from a job, rental property, or business venture, is taxed by the IRS, but what about stocks and bonds? While any profit you make from stocks is taxed, it’s somewhat different than earned income. To help you understand capital gains and dividends, our CPAs in Raleigh […]

4 Advantages to Creating a Trust

Trusts may seem like some vague financial dealing reserved for the extremely wealthy, but that’s actually not the case. Trusts can be a financially advantageous part of your estate planning to ensure your assets and property are divided how you see fit. To help provide clarity on this complex financial matter, our CPAs are sharing […]

Understanding Deductible Expenses After PPP Loan Forgiveness

If you received a forgiven loan as part of the Paycheck Protection Program (PPP), it’s important to understand how this may affect your 2020 taxes, particularly your deductions. The IRS recently released Revenue Ruling (Rev. Rul.) 2021-02 which obsoletes Notice 2020-32 and Revenue Ruling 2020-27, and our small business CPAs are outlining what this rule […]