Holliday Tax Group

Newest video from www.hollidaytaxgroup.com Contact us today to set up your free consultation.

As many of you know, I recently purchased a Liberty Tax franchise. Please be assured that all Holliday Tax clients and their returns will continue to be handled personally by me. At this time, I am working out of both offices, so I won't be at my "usual" office as often. Our meeting location may change, but that's the only difference you'll see. As a thank you for your continued faith in me, I'm locking in all return fees. You will not see an increase in your rate from... last year (assuming the same type of return, of course). Feel free to call/message/text/email with any questions. Thank you for continuing on this journey with me. And as always, make it a great day!

Do I need a trust? One question I am frequently asked by our clients is "Do I need a trust? Or will a Will help me accomplish my estate planning goals?" A few notes of comparison: ... A Will doesn't go into effect until after you have passed away. It is a written document that records how you want your property to be distributed. Wills have to go through the court system as part of the public probate process. A Trust becomes effective immediately. When done properly, a trust avoids the probate process completely. Trusts give the grantor greater flexibility in how and when their assets are distributed, protect family privacy by avoiding the public probate process, and allow your heirs quicker access to your assets. Additionally, you can make your trust the beneficiary on financial accounts and real property (through the transfer on death deed) giving you a "single stop" for all your assets to pass through. Of course, each situation is unique and there is no "one size fits all" when it comes to estate planning. Especially for those of us with minor children. Contact us today to set up a free estate planning consultation.

Ouch! Now all of a sudden forgetting to claim that $25 gift card from last year doesn't seem like a big deal. IRS-CI, DOJ Announce Largest-Ever Tax Charge Against One Individual Robert T. Brockman, a 79-year-old resident of Texas, and the chairman and CEO of The Reynolds and Reynolds Company, has been accused of hiding over $2 billion in income from the IRS over 20 years.... You can read the article in it's entirety here: https://www.forbes.com//irs-ci-doj-announce-largest-ever/

That's a wrap! 2019 tax season is done. This year presented challenges for all of us. Thank you for continuing to put your trust in us throughout it all. 310 returns coming from 18 different states - and even some international returns. We understand not everyone was able to get theirs filed (we filed several extensions today). Even though the first filing deadline has passed, our commitment to you hasn't. Please continue to reach out if we can help with 2019 (or pre...vious years) or plan appropriately for a successful 2020 tax year. Thank you!