Owe the IRS Money? How Long Is the Statute of Limitations?

Owe the IRS Money? How Long Is the Statute of Limitations?

For most taxpayers, the IRS has three years from the date of filing the returns to examine them. This period is termed the statute of limitations.
The Reverse Mortgage: A Cash Flow Solution for Seniors

The Reverse Mortgage: A Cash Flow Solution for Seniors

Some retirees have a significant amount of debt and inadequate income. One solution for those with equity in their primary home is a reverse mortgage.
Estimated Tax Payments: Everything You Need to Know

Estimated Tax Payments: Everything You Need to Know

Are your withholding and tax credits much less than your projected tax liability? Estimated tax payments can protect you from underpayment penalties.
Stepped-up Basis: Inheritances Enjoy a Special Tax Benefit

Stepped-up Basis: Inheritances Enjoy a Special Tax Benefit

You may have heard the term “Stepped-Up Basis.” But what does it mean? Fiducial breaks it down in relation to many common inheritance scenarios.
How Long Should You Keep Old Tax Records?

How Long Should You Keep Old Tax Records?

This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.
The 2022 IRS Interest Rate Hike Went Live April 1st

The 2022 IRS Interest Rate Hike Went Live April 1st

Are you required to pay quarterly estimated income tax? Then, a recent interest rate hike imposed by the IRS may directly impact on you.