Night Owl CPA Blog: Nocturnal Insights for Smarter Accounting and Taxes
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The Trust Scheme That Just Won’t Die: Why IRC Section 643 Isn’t Your Tax Escape Hatch
A trust promising to eliminate capital gains taxes through the “right” trust structure? If that sounds too good to be true, that’s because it is. Learn what these trust promoters get wrong and what happens if you get caught.
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Tax Extensions: Beneficial Strategy or IRS Red Flag?
Filing a tax extension is a common—and often smart—move for many taxpayers. Yet despite how routine it is, tax extensions are surrounded by myths and misunderstandings. Explore the real reasons why filing an extension might be a good strategy.
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Lump-Sum Social Security Payments: What You Need to Know About WEP/GPO and Taxes
If you’ve been impacted by the WEP or GPO, you may be getting a lump-sum payment from the Social Security Administration (SSA) — and it could be substantial.
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Time’s Almost Up: $1 Billion in Unclaimed 2021 Tax Refunds Expire April 15
If you or someone you know hasn’t filed a 2021 tax return yet, there’s more than a billion dollars in potential refunds waiting to be claimed—but not for long.