by Service2Client | Jun 1, 2025 | Blog, Tax and Financial News
The rise of artificial intelligence tools like ChatGPT and Grok has transformed how Americans seek information. From meal planning to complex financial questions, these platforms offer instant answers to virtually any query. But when it comes to U.S. tax advice...
by Service2Client | May 1, 2025 | Blog, Tax and Financial News
For many high-income earners and those approaching retirement, a Roth IRA conversion represents a strategic financial move that can significantly impact long-term wealth preservation. This approach allows you to restructure your retirement savings in a way that could...
by Service2Client | Apr 1, 2025 | Blog, Tax and Financial News
The Basics of Tax Reporting in Legal SettlementsWhen you collect a settlement for a lawsuit, you’ll likely also receive a Form 1099 from the IRS. This form serves as a reminder to pay taxes on your settlement; copies are sent to both you and the IRS. These forms...
by Service2Client | Mar 1, 2025 | Blog, Tax and Financial News
As tax filing season begins, scammers are ramping up efforts to steal taxpayers’ personal information through increasingly sophisticated schemes. Below, we discuss the latest scam, what to look out for in general, and what to do if you suspect something...
by Service2Client | Feb 1, 2025 | Blog, Tax and Financial News
As 2025 unfolds, U.S. tax policy is poised for significant shifts, particularly with a new Republican administration under President Donald Trump. The year ahead will likely see a range of tax reforms, largely driven by the GOP’s objectives and campaign...
by Service2Client | Jan 1, 2025 | Blog, Tax and Financial News
The word “innocent” in innocent spouse relief can be misleading. It doesn’t imply you’re perfect or blameless – it’s more about whether you knew or should have known about the tax issue. The IRS defines “innocence” in a...
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