Truth Induced Financial

Truth Induced Financial The most informed client gets the best refund.
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05/20/2024

Quiz: What was the tax rate on the 1913 tax return?

Vast tax laws are ending at the end of 2025. This provides tax planning opportunities. Here is what you should know.
05/17/2024

Vast tax laws are ending at the end of 2025. This provides tax planning opportunities. Here is what you should know.

Vast changes in tax code are currently scheduled for the end of 2025. Here are tips to to save in taxes before the expiration of the laws.

05/13/2024

Quiz: When was federal income tax introduced?

Thinking of selling your home? Before you do, review the tax rules to ensure you get the greatest possible deduction.
05/10/2024

Thinking of selling your home? Before you do, review the tax rules to ensure you get the greatest possible deduction.

The popular capital gain exclusion on home sales is a wonderful tax benefit for most of us. However, there are many times when a review can save you thousands in potential tax. Here is what you need to know.

05/06/2024

Taxes are complicated. Asking for help is not. Call for an appointment.

Getting a refund. Get the most out of it with these ideas.
05/03/2024

Getting a refund. Get the most out of it with these ideas.

With over 2/3 of taxpayers anticipating a refund, here are some great uses to stretch the value of the refund. Both with actual savings as will as making positive decisions regarding the use of the funds.

04/29/2024

Is the IRS knocking?

What to see where the IRS is focusing its attention? Read on.
04/26/2024

What to see where the IRS is focusing its attention? Read on.

If you face an audit, it's worth reviewing the IRS's Audit Techniques Guides published on the IRS website. These are guides that instruct auditors how to handle tax issues for many different business fields,

04/22/2024

Why do you need a tax professional?

Thinking about retiring early? Here are things to consider.
04/19/2024

Thinking about retiring early? Here are things to consider.

In an effort to assist in planning for retirement, there are a number of provisions in the tax code that benefit those who wish to retire early. Here are a number of tips.

Time to make an estimated quarterly tax payment!
04/12/2024

Time to make an estimated quarterly tax payment!

Reminder: Tax returns AND first quarter estimated taxes are due by Monday, April 15th.

04/08/2024

Taxes are complicated. Asking for help is not. Call for an appointment.

IRS notices are raining down into mailboxes on April 1. It is causing lots of concern. Here is what you need to know.
04/05/2024

IRS notices are raining down into mailboxes on April 1. It is causing lots of concern. Here is what you need to know.

When the IRS turned on mailing notices after a long hiatus, it appears little to no review was undertaken. This is causing alarming results for many taxpayers.

04/01/2024

Taxes are complicated. Asking for help is not. Call for an appointment.

Pay attention or you could lose all or part of this $250,000 or more tax deduction!
03/29/2024

Pay attention or you could lose all or part of this $250,000 or more tax deduction!

When does a tax benefit not become a tax benefit? When you assume you no longer need to keep track of something. This is the case with the home gain exclusion.

Truth Induced is proud to partner with LAMB Learning Applied Money Basics  for community clean up day! Register at the l...
03/27/2024

Truth Induced is proud to partner with LAMB Learning Applied Money Basics for community clean up day!
Register at the link below to let us know you’re all in to keep Bachman Lake Clean!

In a world where environmental sustainability and financial literacy intersect, there lies a powerful opportunity for change!

03/25/2024

Quiz: Has illegal income always been taxable?

Getting your tax refund quickly is on the minds of millions this time of year. Here is what to expect and how you can ke...
03/22/2024

Getting your tax refund quickly is on the minds of millions this time of year. Here is what to expect and how you can keep track of yours.

Once your tax return is filed, it is often a waiting game to get your refund. Here is what to expect AND what you can do to keep track of your refund status.

03/18/2024

5 retirement mistakes that can cost you big $$

Some audits are unavoidable, but many are by being thorough and prepared WHEN you file your tax return. Here are some su...
03/15/2024

Some audits are unavoidable, but many are by being thorough and prepared WHEN you file your tax return. Here are some suggestions.

Here are ideas to avoid some of the more common audit triggers.

03/11/2024

Big life events change your tax situation greatly.

03/08/2024

New rules for deducting mortgage interest are causing confusion and adding additional documentation. It's more important than ever to understand the numbers on your tax forms.

03/04/2024

Here's an idea of how you can choose to spend this tax filing season. Check it out!

03/01/2024

Time is short to file your S corporation or partnership tax return. The due date is March 15. Here's why you need to file on time.

02/26/2024

Oh my, another tax return is looming! Wouldn't you rather...

Year end is a great time to make sure your tax deductions have the documentation necessary to prove your deduction.
02/23/2024

Year end is a great time to make sure your tax deductions have the documentation necessary to prove your deduction.

Very few banks return your cancelled checks. So what do you need to do if required by the IRS to prove your deductions? Often this means staying ahead of the game at year-end.

02/19/2024

Peace of mind or hassle with tax code... There is help. Just a click away.

To avoid capital gains tax on the sale of your primary residence, you must have owned and lived in it for at least two o...
02/16/2024

To avoid capital gains tax on the sale of your primary residence, you must have owned and lived in it for at least two of the past five years.

The possibility of capital gains tax should be understood before selling your residence. Tax surprises here could be costly!

02/12/2024

Yikes! Another tax return. Here is an alternative.

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