by walknercondon | Feb 15, 2021 | Tax Concepts
The 2020 tax filing season has just started, and already it’s set to be a roller coaster. With the confusion of who should receive a stimulus payment, when it should be reported, if it’s taxable (don’t worry, it’s not), and what people need to do to qualify for...
by walknercondon | Jan 8, 2021 | Tax Concepts
The onset of COVID-19 has changed how we live and work. It’s also changed, and complicated, how parents go about providing childcare for their children. Many people are deciding to pay a nanny in their home and are unaware of what requirements there are on them from a...
by walknercondon | Dec 30, 2020 | Tax Concepts
It’s that time of year again. Property tax season. Every December, property tax bills are mailed. The bill you receive is due by Jan. 31 of the following year and has the option to be paid in two installments–one by January and the other in July. We get a fair amount...
by walknercondon | Dec 22, 2020 | Tax Concepts
2020 has been a paramount year for the home sales market. Did you sell a property and wonder if your sales transaction will be taxable? Your Primary Home Generally, the sale of your primary home is not a taxable event. We say generally because this is true as long as...
by walknercondon | Dec 10, 2020 | Tax Concepts
One question we have been asking tax clients is: “Have you considered a Roth conversion?” With wider tax brackets and lower tax rates currently in place, now may be the ideal time to convert traditional retirement accounts to Roth status. We have been working with...
by walknercondon | Nov 20, 2020 | Tax Concepts
The holidays are a season of generosity, and often during the last few months of the year, we have clients calling to ask, “At what point does a gift become taxable?” In 2020, you are able to gift up to $15,000 to one person without triggering a reportable event. If...
