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Tax Planning & Consulting

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Tax Planning & Consulting

Tax Planning Advice from Accounting Professionals

At MKR, we like to take a proactive vs. reactive approach to tax services. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. By staying current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities.

Recent Articles

IRS Introduces Automatic Penalty Relief — What Eligible Taxpayers Need to Know

by Daniel Kittell

It happens to even the most organized taxpayers; a missed deadline, a late payment. The IRS just rolled out a program that can automatically clear certain penalties without you lifting a finger. See who qualifies and what to do if a notice still slips through.

How To Avoid the 10-Year Tax Trap With an Inherited IRA

by Daniel Kittell

Inheriting an IRA might feel like a financial win, but the rules today are different than they were just a few years ago. If you’re not up to date, an unexpected tax bill could catch you off guard. Here’s what changed, and how to plan around it. Changes Made by the...

Will the IRS Take Your Tax Refund If You Owe Back Taxes? Here’s What to Expect

by Amanda O'Brien

If you owe back taxes and you’re expecting a refund this year, you might be wondering if the IRS will keep it. In some cases, yes. In others, no. Whether the refund reaches your bank account depends on several factors. If you have unpaid federal tax debt, the IRS can...