Tax Return Extension Deadline TODAY
Tax Return Extension Deadline TODAY Thirteen million taxpayers requested an extension (more time) to file their federal tax returns. TODAY is the deadline for most of those people, an automatic 6 months after tax day, April 15. If you are one of the many who took advantage of the extension, here are a few things you should know. -File online. You can still hurry and file you return online (aka e-file) with IRS Free File via IRS.gov through midnight tonight. E-file is a safe, easy and accurate way to file your taxes. There are also a variety of tax filing programs that can help you e-file and...
Read MoreSmall Businesses Are Winning Big
Small Businesses Are Winning Big There is good news out there for small business in the United States! Often seemingly living in the (large) shadows of big box stores and large corporations, a 2015 Cox Consumer Pulse survey on small business showed that 92 percent of consumers around the USA shop at a small business at least once a week. The survey found that 46 percent shopped small businesses three or more times a week. With a recent shift toward improving communities and business at home, more and more consumers are making the effort to “shop small” by patronizing local, small...
Read MoreCockatiels and Trust Funds
Cockatiels and Trust Funds We have posted a few times here on the GQ Law blog about the possibility of setting up a Pet Trust, a special trust that can set aside money and care plans for your beloved pets after your death. You learn about Pet Trusts in this post and read about Joan Rivers’ pet trust on our blog here. Another pet trust made national headlines recently as late billionaire Leslie Ann Mandel left $100,000 to her pet cockatiels upon her passing in June 2015. According to an article in Time, Mandel founded The Rich List Company and her estate totaled $5.3 million. Mandel...
Read MoreTax & Estate Planning Help on Social Media
Tax & Estate Planning Help on Social Media Did you know that you can get valuable tax and legal help throughout the year via social media? Whether you use social media daily, weekly or rarely, connecting with the available GQ Law and IRS accounts will get you access to free legal advice, success tips, information on IRS filing requirements and keep you updated about new tax deductions, tax brackets, etc. GQ Law Accounts Twitter. Keep up with Gary, tax tips, links to videos @GQLaw Facebook. Links to posts on this blog. Posts cover legal and business topics ranging from guardianship...
Read MoreWhy a Roth IRA Might be Right for You
A Roth IRA is a retirement account with money contributed after taxes rather than money contributed pre-taxes like traditional IRA and 401k accounts. Because the taxes are paid before the money goes into the account, taxes are not due upon withdrawal. This can be a great benefit to this who are currently in a lower tax bracket than they expect to be in when they retire. Those in a lower tax bracket today don’t reap as big of a benefit in putting pre-tax money toward retirement as those who are in a higher bracket. One major benefit of a Roth IRA versus a traditional IRA or 401K is the...
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