Tax Credits and Deductions for Individuals
Tax Credits and Deductions for Individuals Tax credits and deductions change the amount of a person's tax bill or refund. People should understand which credits and deductions they can [...]
MNMW Welcomes Three New Team Members
MNMW Welcomes Three New Team Members Markham Norton Mosteller Wright & Co., P.A. (MNMW) welcomes three new team members to the firm. Ryan Ford joined our Business [...]
Required Minimum Distributions: Beneficiaries
Required Minimum Distributions: Beneficiaries Beneficiaries of retirement plans and IRA accounts are subject to required minimum distribution (RMD) rules. The SECURE Act changed how and when beneficiaries [...]
Taking Distributions From Your Retirement Plan or IRA Before Age 59 ½
Taking Distributions From Your Retirement Plan or IRA Before Age 59 ½ Saving for retirement occurs over [...]
Updated Standard Mileage Rates for 2024
Updated Standard Mileage Rates for 2024 The IRS issued the new standard mileage rates effective January 1, [...]
Important Information Regarding QuickBooks Desktop
Important Information Regarding QuickBooks Desktop We recently received an update from Intuit QuickBooks regarding their Desktop product [...]
Don’t Forget About Qualified Charitable Distributions Before End of 2023
Don't Forget About Qualified Charitable Distributions Before End of 2023 As the end of 2023 draws near, [...]
IRS Announces Withdrawal Process for Employee Retention Credit Claims
IRS Announces Withdrawal Process for Employee Retention Credit Claims; Special Initiative Aimed At Helping Businesses Concerned About [...]
MNMW Hosting Annual FREE Shred Day Event to Benefit United Way
MNMW Hosting Annual FREE Shred Day Event to Benefit United Way Markham Norton Mosteller Wright & Co., [...]
Tax Considerations When Selling a Home
Tax Considerations When Selling a Home Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their [...]
Business Travelers Should Check Out These Deductions Before Hitting the Road
Business Travelers Should Check Out These Deductions Before Hitting the Road Many people travel for their job — some for an occasional conference and some travel year-round. Whatever their time on the road, business travelers [...]
The IRS Alerts Taxpayers of Suspected Identity Theft by Letter
The IRS Alerts Taxpayers of Suspected Identity Theft by Letter Scammers sometimes use stolen Social Security numbers to file fraudulent tax returns and collect refunds. To prevent this, the IRS scans every tax return for [...]
Emergency Preparedness Plans Should Include Financial Records and Tax Information
Emergency Preparedness Plans Should Include Financial Records and Tax Information People should put together an emergency preparedness plan for their household – and include copies of their vital records and financial information. By creating an [...]
Installing Solar Panels or Making Other Home Improvements May Qualify Taxpayers for Home Energy Credits
Installing Solar Panels or Making Other Home Improvements May Qualify Taxpayers for Home Energy Credits Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may [...]
After a Disaster, Here’s Where Taxpayers Can Find IRS Information Fast
After a Disaster, Here’s Where Taxpayers Can Find IRS Information Fast Rebuilding after a natural disaster can be overwhelming. Important documents like financial information and tax records are often destroyed in a disaster, and reconstructing [...]
Our firm provides the information on our blog/vlog for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles on this website are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
