Blog
MJM Income Tax’s List of 2021 Tax Documents Needed for Filing
Ding ding ding! Open season on 2021 tax filing has officially begun, and we’re already rolling up our sleeves and getting to work on tax returns for some of our NW Tucson clients.With all the backlog and changes at the IRS, getting ahead of the tax storm is going to...
MJM Income Tax’s Tips on Getting Help with Medical Debt
Before I get into my tips for getting help with medical debt, let me start out by saying… we’re less than ONE WEEK away from the IRS beginning to receive electronically-filed returns.That means different things to different people in our NW Tucson client family, but I...
MJM Income Tax on the New $600 Reporting Requirement for Digital Payment Apps
To be fair, the new $600 reporting requirement for digital payment apps isn't a Venmo thing ... it's an IRS thing.(Personally, I'm still amazed by how people share their transactions so publicly on these kinds of platforms. But that's a topic for another day.)And I...
NW Tucson Taxpayers, How to Get 2021 Tax Filing Documents in Order
Before I jump into discussing tax filing documents, I hope it's okay that I spare you all of the "new year, new you" stuff.If you're anything like me, you’re being inundated with rehashed well-wishes and generic, happy-clappy "time to set some goals!!!" talk.And I...
MJM Income Tax on Last-Minute Tax Moves for 2021
I remember reaching the end of 2020 ... it seemed as if all of us were breathing a huge collective sigh of relief.And then ... more chaos.Is it wrong to hope that 2022 will turn out better? Hard to say ... but I do know that what I DON'T want to do is retreat into...
MJM Income Tax’s “Help Me Remember” Holiday Prayer
These last couple weeks of 2021 are already a little unusual.Current events are swirling around virus policy, the big Biden "Build Back Better" Act seems to have hit a Joe-Manchin-sized brick wall, sports leagues are in an uproar around rising case numbers, and...
MJM Income Tax’s Strategies for Fighting Inflation
If you’ve been in a NW Tucson store lately or visited your local gas pump, you’ve probably noticed some price fluctuations – up and up and up. Every visit, it seems.Inflation is here, and it doesn’t seem to be going anywhere. So, we all have to figure out how to fight...
MJM Income Tax on Year End Tax Strategies
I'm going to go further than I did last week and offer you some tangible things you can do NOW.And look ... probably taxes aren’t the first thing on your mind now that the holiday lights are flickering. After all, it’s a happy season for every NW Tucson resident,...
Infrastructure Act Tax Implications for NW Tucson Taxpayers
I don’t know about you, but I'm still over here digesting leftovers from last week’s festivities -- as well as the passage of that trillion dollar infrastructure act in Washington (more on that in a minute). But as November turns into December, I realize (and you...