Taxes Archives - Crystal Financial

What You Can Expect for Your 2020 Taxes: Charitable Deductions and CARES Act

by Judith Ackland | Aug 6, 2020 | Taxes

Now that the tax season is finally over, we decided to write a few blogs on how your 2020 taxes may be affected by the pandemic and the CARES act. While most of the media attention was focused on the tax deadline being extended to July 15th, the stimulus payments,...

Delays in Tax Refunds and What it Means for You

by Judith Ackland | Jul 30, 2020 | Taxes

Still waiting for your tax refund? You are not alone. While some folks have received their refunds relatively quickly, others have been waiting for weeks. The good news, though, is that the IRS will be paying you interest on your refund. Normally, the IRS pays...

Has Your Tax Return Been Rejected?

by Judith Ackland | May 10, 2019 | Taxes

Most people don’t realize this, but occasionally, an electronically filed tax return is rejected by the IRS. This usually happens if a social security number has already been claimed on someone else’s return and it can be a little scary if it happens to you....

The Qualified Business Income Deduction for Rental Real Estate: What You Need to Know

by Judith Ackland | Apr 23, 2019 | Taxes

Tax season is finally over for individual returns! There were a lot of changes this year, and I had firsthand knowledge of how these changes confused many of my clients. One of the biggest changes in the tax code was the introduction of the Qualified Business Income...

Income Tax Myths: Fact vs Fiction

by Judith Ackland | Feb 22, 2019 | Taxes

Tax season is upon us and lately I have been hearing many misconceptions about taxes so I thought we could talk about some of them in this blog. Here are seven income tax myths and the realities behind them. Which have you always believed to be true? Myth:...

2018 Tax Changes, Part 2

by Judith Ackland | Jan 14, 2019 | Taxes

Continuing on with our discussion of the changes in the tax code created by the passage of the Tax Cuts and Jobs Act (TCJA), this week we are going to talk about the standard deduction and itemized deductions. Much of the hype in the media before the passage of the...