Blog Archives | Rue & Associates

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09
Apr

How Does Divorce Affect Taxes?

Under current tax laws, if you are paying alimony, you can deduct the amounts paid on your taxes and the receiving spouse pays taxes on that amount as income. Going forward however, this will change since the new tax laws …

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05
Apr

What Happens If I Miss the Tax Deadline?

For 2018, tax season ends on April 17 instead of April 15. But with tax season quickly coming to a close, you might still be missing forms and other information. You could also just be too busy to get your taxes …

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28
Mar

What is an Innocent Spouse and an Injured Spouse?

Many married couples opt to file their tax returns jointly because it is often the most beneficial status to use. But it’s not without risks. If your spouse has been neglectful when it comes to complying with tax laws and …

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19
Mar

Personal Taxes vs. Business Taxes

Filing taxes is a requirement whether you are an individual or a business owner. While there are some similarities between personal and business taxes, such as reporting all earned income, deductions for charitable donations, and “pay as you go” provisions, …

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15
Mar

What Do Business Consultants Do?

If you own or are thinking about starting a business, you may want to consider having a business consultant or two on your side. You’ve likely heard the term and are wondering what business consultants do. The short answer is …

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12
Feb

Filing Taxes: FAQs

Tax time is right around the corner. Every year, there are certain questions many taxpayers have about filing their taxes. In an effort to make the process easier, we’ve addressed some of the most common questions we get about tax …

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22
Jan

What to Do When You Cannot Pay Your Tax Bill in Full

If you’ve just prepared your taxes and have discovered you owe the IRS money, don’t panic. The first thing you need to do is file your taxes on time. If you are unable to pay the entire bill, you should …

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16
Jan

What Does The New Tax Law Mean For You?

For most taxpayers, the biggest change after the new tax law will be whether they continue to itemize deductions, or opt for simply the standard deduction. With the changes, the standard deduction has increased from $6,350 for single filers to …

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08
Jan

Domestic Abuse & Taxes: What You Need to Know

According to The National Coalition Against Domestic Violence (NCADV), 1 in 3 women and 1 in 4 men will experience intimate partner violence in their lifetimes. Abuse isn’t just physical: it is also emotional, economic, and other aspects of controlling your life. …

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12
Dec

Need Childcare Over Winter Break? Here’s How to Save Money

With the holiday season being upon us, it’s often a time for family, friends, togetherness and making memories. But it can also be a very stressful time of year between stretching holiday gift budgets, worrying about January credit card bills and …

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