With electronic payments becoming more common and check writing quickly disappearing, you might wonder how you can prove to the IRS that you actually qualify for a charitable (or some other) deduction that you plan to claim on your 2019 tax return. Luckily, electronic records are usually sufficient to substantiate
Month: January 2020
Last Minute Tax Law Changes Made in December 2019
As it has in years past, Congress again passed in late December a set of last minute changes to the tax law. Many of these changes are retroactive and will affect your 2019 tax return. Here are some of the highlights that have reached back to affect the 2019 tax
Review Your Retirement Savings Goals for 2020
The beginning of a new year is a great time to review your financial plan, including your goals for retirement savings. By setting your goals early in the year, you can save for them throughout 2020 and reduce the pinch that is sometimes felt when people try to “make up