Truth Induced Financial

10/21/2024

Big life events change your tax situation greatly.

10/18/2024

The IRS requires contemporaneous records to prove deductions and credits. That means you can't go back later to get a copy of a receipt you forgot. Here are some tips.

The Internal Revenue Service has a vocabulary of their own. One of the more important is their use of the word contemporaneous. What does it mean, and why should you care?

10/14/2024

Here's an idea of how you can choose to spend this tax filing season. Check it out!

10/11/2024

Know when to keep or throw out your tax records. Here is what you need to know.

Know when to hold them. Know when to toss them. Tax record retention basics can be found here.

10/07/2024

Oh my, another tax return is looming! Wouldn't you rather...

10/04/2024

Think the estate tax won't impact you? Think again. Here is what you need to know.

Too many taxpayers ignore estate taxes because they think it will not impact them. Do this at your own peril. Here is what you should know.

09/30/2024

Peace of mind or hassle with tax code... There is help. Just a click away.

09/23/2024

Yikes! Another tax return. Here is an alternative.

09/20/2024

Planning for retirement? Don't get caught off guard by these potential tax surprises.

Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years.

09/16/2024

There are a lot of things in modern life that are not very much fun. Luckily, there is help for one of them.

09/13/2024

To claim the head of household filing status you cannot be married, you pay half the cost to keep up your home and you have a qualifying person living with you for at least half the year.

The head of household filing status is often misunderstood and overlooked. The IRS provides three requirements that need to be met in order to claim. Does it make sense for you?