Tax Relief R Us

Here is a fun fact for your Saturday from Tax Relief R Us.

Proposed IRA tax code change would affect retirement accounts over 10 million. Full story below.

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Your Friday tax fact from Rosedale based Tax Relief R Us.

If you think that education credits are just for sending your children to college, think again--the credits are available to you, your spouse (if you are married), and your dependents. Even if you or your spouse is only attending school part time, you still may qualify for a tax credit.

Education Credits are for Children? Think Again! If you think that education credits are just for sending your children to college, think again—the credits are available to you, your spouse (if you are married), and your dependents. Even if you or your spouse is only attending school part time, you still may qualify for a tax credit.

Don't let bookkeeping get in the way of growing your business. Some best practices below.

The Ins and Outs of Bookkeeping: All the Best Practices to Get the Best Financial Outcome From Your Organization Handling bookkeeping on your own can quickly become a full-time job, which is a bit of an issue since you already have one of those on your plate.

Get inspired. Some Wednesday Wisdom from Rosedale based Tax Relief R Us

Follow the 'Rule of 72' and make your money grow. Learn more below.

How Understanding the 'Rule of 72' Helps You Make Personal Finance Decisions Predict how many years it takes money to double based on a specific rate of return.

Required Minimum Distributions were suspended in 2020 as part of the COVID relief. But the suspension was for one year only and the RMD requirement resumes for 2021 along with some new twists.

Required Minimum Distributions Have Resumed for 2021 When Congress established tax-favored retirement plans, they allowed taxpayers to take a tax deduction for the amount of their allowable contribution to the plans. But they also included a requirement for a portion of the funds to be distributed each year and be subject to income tax. Such a distrib...

Tax Relief R Us - Some Saturday business knowledge for our friends and colleagues.

End of week tax fact from Tax Relief R Us

If there was ever a year for tax planning, 2021 may be at the top of the list. We have the potential for some unfavorable tax changes on the horizon and opportunities to use existing tax laws to your advantage. In most cases acting after the end of the year is too late.

Fall Tax Planning May Be Wise Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you money. That is true of taxes as well, especially for 2021, as the pandemic benefits begin to wane and President Biden’s tax proposals loom.

A little inspiration from Tax Relief R Us. Wednesday Wisdom