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About LifeTime Tax Management

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So far LifeTime Tax Management has created 9 blog entries.

Get a Letter or Notice From the IRS?

Get a letter or notice from the IRS? The IRS mails letters or notices to taxpayers for a variety of reasons including if the tax payer has a balance due, or if the agency has a question about their tax return. If you receive a letter or notice from the IRS, do not ignore it. [...]

2021-06-07T20:03:08+00:00June 7th, 2021|

What The New Monthly Child Tax Credits Mean For You

The IRS announced on Monday, May 17th that approximately 39 million American families will be eligible for monthly payments of up to $300, thanks to the newly expanded child tax credit that will start on July 15. Eligible families qualify for up to $300 per month for each child younger than 6 and up to [...]

2021-05-18T23:41:51+00:00May 18th, 2021|

Weekly Market Updates – April 2021

Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, April 19, 2021 We saw mild flattening of the yield curve last week as longer-dated yields declined. Despite positive economic data, the drop occurred as foreign buyers, particularly from Japan, purchased bonds and drove yields down. The 10-year Treasury yield remained flat, [...]

2021-05-06T23:26:00+00:00April 19th, 2021|

Did you get a refund for your college student’s tuition or room and board? You may need to return the money to your 529 plan to avoid tax penalties.

If your child was in college during the pandemic, you may have received a refund for tuition, fees, or room and board. Which was probably a relief! But if you used money from a 529 college savings account to pay the tuition/fees, then you may need to put that refund back into the 529 account [...]

2021-03-23T13:18:41+00:00March 23rd, 2021|

Matt Glova of LifeTime Asset Management Honored in Forbes’ Best–in–State Wealth Advisors list for 2021

Matt Glova has been named to Forbes’ Best–in–State Wealth Advisors list for 2021. The list is published on forbes.com/best-in-state-wealth-advisors. Each advisor—selected by SHOOK Research—is chosen based on an algorithm of qualitative and quantitative criteria, including: in-person interviews; industry experience; compliance records; revenue produced; and assets under management. “I am pleased to have been named to [...]

2021-02-15T20:51:03+00:00February 15th, 2021|

We’ve Seen an Increase in IRS Notices

Our team at LifeTime Tax Management has noticed that many of our clients are receiving notices from the IRS. The IRS data systems are set up to automatically send notices when payments or returns have not been posted to an account by a certain date. However, the IRS is currently very far behind in processing, [...]

2021-01-08T17:59:07+00:00January 8th, 2021|

COVID Relief / Stimulus Payments

Congress has reached a deal for another coronavirus relief bill which is expected to be signed today by the President. The new bill will provide for additional relief / stimulus payments to be issued as early as next week and on into 2021. If you have previously received your 2019 refund by direct deposit, you [...]

2020-12-22T19:37:42+00:00December 22nd, 2020|

Year-End Tax Strategies for 2020

From the team at LifeTime Tax Management. With year-end approaching, this is the time of year we suggest possible year-end tax strategies for our clients. But since there has never been a year quite like 2020, we think it is safe to say that year-end tax planning is going to be the trickiest in recent [...]

2020-11-13T16:07:43+00:00November 13th, 2020|
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