Personal – Page 12 – Fiducial Blog

Are You Cheating on Taxes? Here's What Could Happen

May 4, 2022

Cheating on your taxes has unpleasant consequences. These consequences include monetary penalties and the possibility of jail time for blatant cases.

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

May 2, 2022

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

April 29, 2022

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

April 27, 2022

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

April 23, 2022

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?

April 15, 2022

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

April 13, 2022

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

What Is Tax Basis and Why Is It So Important?

April 9, 2022

The term “basis” refers to the monetary value used to measure a gain or loss. In this article, Fiducial explores tax basis in various circumstances.