Summer is the wedding season and newlyweds should understand how tying the knot can affect their tax situation. Here’s are three things newly married couples should know: 1. Name and address changes Name. When a name changes through marriage, it is important to report that change to the Social Security Administration. The name on a person’s […]

Gift tax returns generally do not need to be filed unless you give someone, other than your spouse (if he or she is a U.S. citizen), money or property worth more than the gift tax annual exclusion for that year. Here are four more tips regarding the tax treatment of gifts: 1. The annual exclusion […]

A common statistic that’s thrown around is that it can cost five times as much to obtain a new customer as to retain an existing one. Even if the cost isn’t that high for your business, you likely know the value of keeping your customers. And that requires maintaining strong relationships with them. Automated communication […]

Sometimes, taxpayers must call the IRS about a tax matter. As part of the IRS’s ongoing efforts to keep taxpayer data secure from identity thieves, IRS phone assistors take great care to discuss personal information with the taxpayer or someone the taxpayer has authorized to speak on their behalf. Therefore, the IRS will ask taxpayers […]