Month: June 2015

Dealing with disaster — before and after

Are you prepared for the worst? In addition to the personal toll, natural disasters have tax implications. Planning ahead can ease the stress. Here are some tips. What should you do before the disaster? Steps to take long before a…

Planning to retire?

Planning to retire someday? Hoping to help your kids with the cost of college? Setting aside money for such long-term goals requires discipline and a workable investment plan. “Dollar-cost averaging” is one such plan, a reasonable and relatively painless way…

Correct those tax return errors

What should you do when you discover an error on an already-filed tax return? In most cases, the answer is: prepare and file a correction or an amended return. Here’s a refresher on the rules. What to amend. You don’t…

Keep good corporate minutes

An employee who is required to communicate with board members, take notes at board meetings, and compile corporate minutes may cringe at such a tedious and often thankless assignment. But carefully prepared corporate minutes are valuable, even essential, in many…

How to respond to that IRS notice

Tax season is over. Now comes the season for IRS notices — particularly a notice called a CP2000. If you’re the recipient of one or more of these letters, here’s what you need to know. What the notice is. The…