Kelly Green-Krist's (kgreenkrist) Blog

If a loved one passes away and you serve as the executor or inherit assets, you need to consider your duties and so some tax planning.  Filing the Final Form 1040 for Unmarried Decedent If the decedent was unmarried, an initial step is to file his or her final Form 1040.  That return covers the p...

Owing money to the IRS or state can be extremely stressful and you may be tempted to ignore the situation, but this will only make it worse. But where do you start? Let’s begin by explaining the IRS collection process.After a tax return is filed and processed, the IRS will assess the taxpayer for...

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted on December 27, 2020, deals with the annual tax extenders. Congress made some of them permanent, while others got short- or long-term extensions.These are the big five Form 1040 tax breaks that were scheduled to expire on Decembe...