DeFrancisco, Lampitt & Brado PS

04/19/2024

Thinking about retiring early? Here are things to consider.

In an effort to assist in planning for retirement, there are a number of provisions in the tax code that benefit those who wish to retire early. Here are a number of tips.

04/12/2024

Time to make an estimated quarterly tax payment!

Reminder: Tax returns AND first quarter estimated taxes are due by Monday, April 15th.

04/05/2024

IRS notices are raining down into mailboxes on April 1. It is causing lots of concern. Here is what you need to know.

When the IRS turned on mailing notices after a long hiatus, it appears little to no review was undertaken. This is causing alarming results for many taxpayers.

03/29/2024

Pay attention or you could lose all or part of this $250,000 or more tax deduction!

When does a tax benefit not become a tax benefit? When you assume you no longer need to keep track of something. This is the case with the home gain exclusion.

03/22/2024

Getting your tax refund quickly is on the minds of millions this time of year. Here is what to expect and how you can keep track of yours.

Once your tax return is filed, it is often a waiting game to get your refund. Here is what to expect AND what you can do to keep track of your refund status.

03/15/2024

Some audits are unavoidable, but many are by being thorough and prepared WHEN you file your tax return. Here are some suggestions.

Here are ideas to avoid some of the more common audit triggers.

03/08/2024

New rules for deducting mortgage interest are causing confusion and adding additional documentation. It's more important than ever to understand the numbers on your tax forms.

03/01/2024

Time is short to file your S corporation or partnership tax return. The due date is March 15. Here's why you need to file on time.

02/23/2024

Year end is a great time to make sure your tax deductions have the documentation necessary to prove your deduction.

Very few banks return your cancelled checks. So what do you need to do if required by the IRS to prove your deductions? Often this means staying ahead of the game at year-end.

02/16/2024

To avoid capital gains tax on the sale of your primary residence, you must have owned and lived in it for at least two of the past five years.

The possibility of capital gains tax should be understood before selling your residence. Tax surprises here could be costly!

02/09/2024

Your tax return is STUCK. Here are the common reasons...

One of the most frustrating things during tax season for taxpayers AND professionals alike, is delays in filing your return. Here are the most common causes for delays.

02/02/2024

Hint. This simple review can readily lower your taxes.

One of the most often overlooked places to lower your taxes is your paycheck. Here are some tips.