Blog
Buying vs Renting in Tracy: A Few Considerations
The longest day of the year (Sunday the 20th) is next week, the official start of summer. We're taking our cues from the season and steadily working through extensions and year-round planning moves.AND we're also finding ourselves helping some Tracy people who didn't...
Multi-Generational Caretaking Tax Planning for Tracy Families
One of the trends of recent years has been a rise in multi-generational living. Whether it's for economic or health reasons, when Mom and Dad or other, older members of the family move in, there are important things to keep in mind as it relates to maintaining your...
Tax-Wise Charitable Giving Strategies From Taxpath
It's a good idea to take your internal temperature and do whatever you need to do to get to a place of focus, amidst all of the national and global distractions that continue ad infinitum. Many of our Tracy clients are under enormous pressure for one reason or...
Taxpath’s Top 5 List of Potentially Fatal Business Mistakes
There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...
Financial Documentation Strategies for Tracy Taxpayers
Ah, the wonders of financial documentation... Today’s topic has the benefit of ensuring your Tracy "financial fortress" is as airtight as it can possibly be, which has its own advantages. Financial Documentation Strategies For Tracy Taxpayers "You get older and you...
4 Tips for Tracy Taxpayers Owing the IRS
For many Tracy individuals, families, and businesses, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due. But if you believe that the IRS won't come hunting for ways to...
Tracy Taxpayers, The Problem with an Unfiled Tax Return…
The unfortunate reality is that if you have an unfiled tax return -- even if you don't owe any taxes that year -- there can be problems. And, that is obviously the case if you do happen to owe taxes. Not only can the federal government stir up trouble for you, but...
The Purpose of Life Insurance: Consider This Tracy Resident
As the old joke goes, the only two guarantees in life are death and taxes. In these updates, I obviously spend a lot of time talking about taxes. But the other part of that axiom is a subject that most people don’t want to talk about, let alone actively plan for. But...
Penalty Relief for Tracy Residents Who Owe the IRS
Every year, the IRS charges tax debtors a boatload of penalties (and it's enough to have you screaming for penalty relief). Just how much? If you’re a Tracy resident and you owe taxes, you should definitely take a look... To put this in perspective, the IRS budget for...