Four Ways to Fight Tax Fraud

Don’t let your 2017 tax refund fall victim to tax fraud. After last fall’s Equifax data breach, taking steps to protect yourself from identity theft is more important than ever. Here are four steps you can take to keep your refund—and your identity—safe. 1. File Early Filing early is the best defense against tax identity …Read More

What Does a Tax Preparer Do?

A tax preparer takes responsibility for preparing and filing your taxes. Your tax preparer will begin by interviewing you about your retirement or employment, all sources of income, as well as filing status, possible dependents, exemptions and deductions. This gives the preparer a clear picture of your current situation.   The next step is for …Read More

Three Types of Tax Deductions You Might Be Missing

Although the new tax bill might mean that Tax Year 2017 is the last year you need to itemize, there is still plenty of time to take advantage of these often-overlooked tax deductions. For many Americans, itemizing can help lower their tax bill or increase their refund. The savings can go further than you think. …Read More

What Does Tax Reform Mean For You?

Scratching your head about what is in the 2017 tax reform bill? You’re not alone—Connecticut was one of the top five states to search “tax reform” in 2017, according to Google Trends. But no matter where you stand on the political spectrum, Cowen Tax Advisory Group is here to make sure you know where you …Read More

How to Complete a 401k Rollover

Rollover is the technical term for moving your retirement savings from one account to another. It sounds pretty simple, but there are specific steps you must follow to avoid repercussions. These accounts are tax-protected, but if you fail to complete the rollover properly, you could be stuck with a hefty tax bill. Here’s how to …Read More