Take a scroll through and see if any of Kathryn's timely income tax tidbits grab your attention...

Note that the details and practical application of all of the recent relief programs and provisions are changing daily; therefore, it is critical to take any...

By now, most of you may be familiar with the recently released "Coronavirus Aid, Relief, and Economic Security" Act (CARES ACT). More on the particulars of ...

Dear Friends and Clients, I just learned that Buncombe County is ordered to stay at home (locked down) starting tomorrow and lasting for 2 weeks. The except...

As updates are being issued daily for tax and business practice mandates and relief, I am continuing to try to keep you informed and up-to-date in my efforts...

Hi again, to keep you updated on further tax guidance for relief provided in the tax arena, note that the IRS has clarified that not only can you defer until...

Dear Clients and Friends, In case you haven't heard, the Treasury Secretary has announced today that tax payments that normally would be due April 15, can be...

For those that have certain retirement accounts and are nearing 70 years old, I'm sure you're familiar with the term "RMD". Your RMD start date is a very im...

Hi everyone, getting back to a bit of state tax with this post. As a refresher, under what is now known as the "Trump Tax Reform", the deduction for state ta...

Last year at about this time, the IRS bragged about their new 2018 Form 1040 template, claiming it was so simple, like a post card. The reality ended up bei...

My wish to all of my clients and friends is that you enjoy the holidays with family and/or friends, and close out 2019 healthy and happy. I look forward to...

Summary of NC state tax changes

Many of my clients drive for work purposes; therefore, we often decide to take the mileage allowance in lieu of actual expenses (subject to business %). The...

Happy Friday ! Things like Virtual Currency drive CPAs nuts. New technology means ambiguity for interpreting how the tax laws apply. The IRS is famous for t...

Please don't be enticed by the claims of producing higher refunds. These claims may be fraudulent. Make sure you choose an honest preparer who will advocat...

Hello ! I have been out of commission a bit due to moving, but I'm back ! (primarily because my back is telling me I NEED to stop the craziness). I have to...

Due to my upcoming move, I'm purging as many belongings as I possible can. I decided to list some items for sale on Craigslist, which I thought was one of t...

According to a certain professional tax news publisher, the risk of an individual tax audit is 1 out of 170. Despite these relatively low odds of audit, one...

Hello clients and friends: Many of you have retirement income withdrawals, business income, rental income, or other income for which no one is withholding ta...

One of the services that Personal Affairs Stewardship offers is "Executor Services". To be clear, I am not a lawyer and accordingly I do not provide legal s...

As listed in the 'Our Resume' section of my website, I've been a tenant. When I left my parent's home for good, I started out as a tenant and then eventuall...