Your Canceled Debt Could Be Taxable

Your Canceled Debt Could Be Taxable: Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on your tax return. Wh

401(k) and IRA Contribution Limit Changes

401(k) and IRA Contribution Limit Changes: The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased

How to Write Off Worthless Stock

How to Write Off Worthless Stock: If you are like most investors, you occasionally will pick a loser that declines in value. Sometimes, a security can even become worthless when the is

Our Mission: Your Success.

Summer is the best time for tax planning because it give you time to put plans into action. Click now to schedule your next tax strategy session. Our Enrolled Agent is a Dave Ramsey tax ELP and has the heart of a teacher.

Who Can Represent You Before the IRS?

Who Can Represent You Before the IRS?: Many people use a tax professional to prepare their taxes. Anyone who prepares, or assists in preparing, all or substantially all of a federal tax ret

Mid Year Tax Planning

Even though April 15th has passed, we are busy at work preparing for next year's tax season. Tax laws are always changing, and we work hard to stay on top of those changes for you. If you have a tax-related question or want to sit down to plan ahead to make next year's process go more smoothly, NOW is a great time to call. 2020 is coming. 😀 816-220-2001 or www.afit-calendar.info

Tax Deductions for Teachers and Educators

Tax Deductions for Teachers and Educators: Educators can take advantage of tax deductions for qualified out-of-pocket expenses related to their profession such as classroom supplies, training,