Understanding Tax Terms: Installment Sales
If you use an installment sale to help sell property, including real estate, you can benefit from tax deferral and [...]
July 2021
Time for a Checkup- Are you withholding enough for your taxes?
This quick checkup will ensure you're not surprised when you file your income tax return. from Hamilton Tax and Accounting [...]
Borrowing Money from Your 401(k)- Good idea? …not so much
Many are dipping into their employer sponsored retirement plans using the lending feature. Unfortunately, many are later faced with a [...]
The Household Employee Problem- Don’t get caught by the nanny tax
Many famous taxpayers have been caught in an oft overlooked part of the tax code; household employees. The commonly referred [...]
June 2021
Advance Child Tax Credit Payments Starting NOW!- What everyone should know
Advance payments of the Child Tax Credits begin now. You only have approximately two weeks to opt out of this [...]
Turning Your Hobby Into a Business
Turning your hobby into a business can get you a big tax benefit if you do it right - or [...]
Reminder: Second Quarter Estimated Taxes Are Due- Now is the time to make your estimated tax payment
If you have not already done so, please plan to make your second quarter estimated tax payment. The due date [...]
Don’t Lose Your Refund!
Too many fail to claim their tax refunds. Could this be you? Here is what you need to know. from [...]
May 2021
A Letter from the IRS!- What steps you should take
You got a letter from the IRS! Pulses quicken, there is a slight hesitation prior to opening the envelope, and [...]
Forced to Withdraw from Retirement Accounts?!?!?- What you need to know
Required minimum distributions are back in play. Here is what you need to know well before you reach retirement age. [...]