Tax Deductible Gifts and Donations

Tax Deductible Gifts and Donations

Important Tips Start gathering any items necessary for the preparation of your tax returns, including charitable contribution receipts, stock trans- actions, business mileage records, medical expenses, moving expenses, unreimbursed business expenses, etc. Your Gift...
Tax On Children’s Investments

Tax On Children’s Investments

Important Tips Schedule an appointment to discuss year-­end tax planning strategies If you moved this year, let your tax consultant know so he or she can help you complete Form 8822, Change of Address, and report the change to the IRS. Tax on Children’s Investments...
Filing a Tax Extension

Filing a Tax Extension

Important Tax Dates and Tips i) Individual federal tax returns that were granted an automatic six-month extension are due on October 15. ii) If you have insurance through the Health Insurance Marketplace, you may be getting advance payments of the premium tax credit....
Being Prepared for Calamity

Being Prepared for Calamity

Important Tax Date Third-quarter individual estimated tax payments are due by September 15.  Weather Disasters Being prepared for the worst is always a good idea. Your plan shouldn’t only include bottled water, batteries and candles—but also your financial and family...
Tax Talk

Tax Talk

Yard Sale Season Summer is a great time for cleaning out the house and setting up a garage sale. But have you ever wondered if you need to pay taxes on the income you earn from selling your used stuff? Typically, since the items sell for far less than what you paid...
Five Simple Tips to Lower Your Tax Bill

Five Simple Tips to Lower Your Tax Bill

You’ve filed or extended your 2014 tax return and now it’s time to plan for next tax season. Here are five simple tax planning tips for 2015. 1. Check your withholding. If you owed money in 2014 and weren’t self-employed, chances are that you might not be withholding...