March Newsletter

IRS Renews Warning to Employers Regarding Fraudulent ERC Claims

IRS and California extend tax filing and tax payment deadline to October 16, 2023 for disaster area taxpayers in California.

DK has been selected as a 2023 “Firm to Watch” as well as a “Regional Leader” by Accounting Today.

DK Partners Galina Berkovich and Derek Hess provide sound financial advice in interviews with Private Wealth Magazine.

As you’ve no doubt heard, two regional banks recently collapsed, which has raised questions about Federal Deposit Insurance Corporation (FDIC) coverage. Many people wonder how much coverage is guaranteed under federal law — and whether they should maintain separate accounts at multiple banks. This article explains the protection that depositors have in U.S. institutions.

Many people experience sticker shock when they need long-term care (LTC) services for themselves or a family member. Fortunately, you can purchase LTC insurance to help cover the costs. Here are some frequently asked questions about how LTC insurance works, when to sign up, when the benefits are tax-free and more.

Business property insurance needs are likely to change over time. Has it been awhile since you looked over your policies? You could be flirting with excessive risk. Let’s say property values in the area have increased substantially in recent years. Without added coverage, you could be left under-insured. Conversely, if property values have declined, you could be throwing money away. Here are some more helpful guidelines.

1. Retirement Plan Distribution Tax Rules
2. Consequences of Unpaid Federal Tax Debt
3. A Proposal to Scrap the IRS

4. Advantages of Using Direct Deposit
5. Excludable Income from Some States

Have you heard that you should avoid probate, but you’re not sure why? Probate is the legal process that wraps up a person’s legal and financial affairs after his or her death. This article explains the basics of how the process works and which assets do not have to go through probate.