About Tanya Tower

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So far Tanya Tower has created 364 blog entries.

Tax Credit Extended to Those Providing Paid Family & Medical Leave

Newburg Staff Writers-January 25, 2021 (8:00 AM) Under separate provisions of the Consolidated Appropriations Act, 2021, the credit for coronavirus related paid sick and family leave, originally part of the Families First Coronavirus Response Act, is extended through March 31, 2021. The Families First Coronavirus Response Act (FFCRA) provides paid [...]

2021-01-29T10:46:15-05:00January 25, 2021|

Divorcing Couples Should Understand These 4 Tax Issues

When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning and advice, some people find divorce to be an even more taxing experience. Several tax concerns need to be addressed to ensure that taxes are kept to a minimum [...]

2020-11-20T07:42:39-05:00October 28, 2020|

4 Ways to Address Elderly Parents in Your Estate Plan

Typically, an estate plan includes accommodations for your spouse, children, grandchildren and even future generations. But you may overlook some older family members, such as your parents or in-laws. They may also need your financial assistance and help with their estate planning. How can you best handle the financial [...]

2020-11-20T07:43:00-05:00October 22, 2020|

What Tax Records Can You Throw Away?

October 15 is the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to the COVID-19 pandemic.) If you’re finally done filing last year’s return, you might wonder: Which tax records can you toss [...]

2020-11-20T07:44:22-05:00October 15, 2020|

The Easiest Way to Survive an IRS Audit is to get Ready in Advance

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. In fiscal year 2019, the IRS audited approximately 0.4% of individuals. Businesses, large corporations [...]

2020-11-20T07:44:49-05:00October 7, 2020|

The Red Flags are Many When Borrowing from your Retirement Plan

The COVID-19 pandemic has resulted in many people borrowing from their companies’ qualified retirement plans, and the CARES Act provides some temporary rule changes to this loan type. However, given the risks and costs of borrowing from a retirement plan, it should generally be viewed as a last resort. [...]

2020-11-20T07:45:19-05:00October 1, 2020|
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