by Andrews Tax Accounting & Bookkeeping | Jul 31, 2026 | Educational
How Do the Rich Avoid Taxes? There’s a Multi-Part Strategy How do the rich avoid taxes? Legally? If we knew the answer, we’d do it, too, right? Well, not necessarily. There is a multi-part strategy, but for it to work, you probably need to be, well, wealthy. How Do...
by Andrews Tax Accounting & Bookkeeping | Jul 24, 2026 | Educational
Lottery Winners’s Weird Purchases Include Lunar Real Estate, Demo Derby Lottery winners’ weird purchases can be lesson on what to do with your windfall. Or what not to do. Lottery Winners: What You Should Do If you score a big jackpot, the first thing to do is...
by Andrews Tax Accounting & Bookkeeping | Jul 17, 2026 | Educational
Mid-Year Tax Changes Include Mileage Rate, Sales Tax The start of July has brought with it some mid-year tax changes. And as you might expect, there’s good news and bad news. Mid-Year Tax Changes: The Good News The IRS has announced that they have raised the standard...
by Andrews Tax Accounting & Bookkeeping | Jul 11, 2026 | Educational
Automatic Exemption from Penalty Coming for Good-Standing Taxpayers The IRS is using the summer of 2026 to roll out the new Automatic Exemption from Penalty (AEP) program. AEP eliminates the need to manually request first-time penalty relief. The IRS AEP designed to...
by Andrews Tax Accounting & Bookkeeping | Jul 3, 2026 | Educational
Federal Gift Tax: Who Pays It and When Gift tax is the source of a lot of misunderstandings. Not the least of which is who pays the tax on a gift. Who Pays the Tax? Contrary to widely held opinion, it is the giver, not the recipient, who pays federal tax on a gift....
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