This time of year, unfortunately, many taxpayers receive a “lien notice” in their mailboxes. But, what does a lien even mean? According to the IRS, a federal tax lien is the government’s legal claim against your property when you neglect or fail to pay tax debt. The lien protects the government’s interest in all your […]
As election season rolls around, discussions are often centered around the raising or lowering of taxes. For many local elections, there are items on the ballots about raising or lowering a millage. For many, though, it is not common knowledge about what a millage is or how it translates to actual dollars. The Definition A […]
Congratulations! You’ve just tied the knot. You’re unwrapping all the gifts you received now that you’re back from your honeymoon, and you’re starting your lives together under one roof. April rolls around, and it’s time to file taxes. You see a little checkbox for married (how cute?!), but you see there are more options: Married […]
Making estimated tax payments during the tax year can help you avoid penalties and a huge tax bill when Tax Day rolls around. If you are self-employed, there is no employer withholding federal taxes from your paycheck so you may need to make estimated tax payments on your own throughout the year. What are estimated tax […]
Whether you are new to the real estate world or you’re a real estate pro, these five tax tips can help you save big going into tax season. By following these tips, you can rest assured knowing you are saving all you can. Business Travel For realtors, travel is always a part of the job. […]
Taxes are unavoidable, but there are a few ways to lower your tax bill and minimize the impact they have on your bank account. Use a Flexible Spending Plan Flexible spending plans, or flexible spending account (FSA), are pre-tax plans that allow you to pay certain expenses with tax-exempt dollars. These certain expenses include dependent […]
Sometimes life happens. Whether it’s a job loss, severe illness, loss of a loved one, or other big life event, it can be hard to focus on taxes. However, it’s important to know that filing late with the IRS is always far better than not filing at all. There are, however, a few things to […]
How to get organized before tax season: Don’t wait until the last minute, 2020 is almost here and the experts at Broussard Poché, LLP want to help you check off a few financial to-dos to help you prepare for the coming tax season. Check Beneficiaries This time of year is a good time to check […]
It’s hard to think about April of 2019 right now. It seems so far away, and after all, you’ve just put this year’s tax season behind you. But the truth is taxes should be in the back of your mind year-round. Many small business owners and individual taxpayers spend the entire year preparing for tax […]
2018 saw massive changes to tax laws. As a result of the Tax Cuts and Jobs Act, the team at Broussard Poché, LLP is encouraging everyone to make sure the right amount of tax is taken out of your paychecks. In other words, it may be time to adjust your withholdings. The new tax law […]