Be Aware of Tax Season Scams
03/11/2014Read moreThe IRS is urging taxpayers to be aware that tax-related scams using the IRS’s name become more frequent at...
You Have Options for Tax Refunds
03/07/2014Read moreYou can receive your income tax refund in several ways: (1) direct deposit into a single checking or savings...
myIRA Pilot Program Announced
03/03/2014Read moreWatch for details on a new retirement savings account called the myRA. The Treasury Department has been instructed to...
IRS Issues Final Instructions For Net Investment Income Tax Form
02/28/2014Read moreThe IRS finally released its eagerly awaited final instructions for Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts,...
Take a Penalty-free IRA Withdrawal for Medical Expenses
02/26/2014Read moreAre you considering withdrawing funds from your traditional IRA to pay unexpected medical costs? You may be hesitating because...
Every Small Business Should Establish Controls
02/25/2014Read moreEvery week reporters publish stories about companies that have lost thousands, even millions of dollars because of fraud. They...
Emergency Savings: How Much is Enough?
02/21/2014Read moreWe all need an emergency fund, but what’s considered “an emergency?” Any unexpected hit to your finances, including layoffs,...
Capitalization versus Expenses
02/17/2014Read moreThe new IRS regulations on capitalization vs expensing are complex. But the part of the regulations that concerns most...
Health Insurance Credits are Good Medicine for Small Business
02/13/2014Read moreSmall businesses may be missing out on an important new tax perk related to health insurance. And the stakes...
Who Needs an “Employer Identification Number”?
02/12/2014Read moreIf you do any of the following, you will need an Employer Identification Number (EIN) from the IRS: If...
Take Your Choice for Deducting Home Office Expenses
02/07/2014Read moreYou now have a choice in how you deduct the expense of a home office. Starting with your 2013...
Equipment Write-off Decreases for 2014
02/04/2014Read moreIn recent years, businesses could expense up to $500,000 of equipment purchases in the year of purchase, with a...
Parents Can Cut Taxes With Child Related Credits
01/28/2014Read moreAre you a parent? Give yourself some credit – a child-related tax credit, that is. Here are two that...
Should You Adjust Your Withholding for 2014?
01/24/2014Read moreEarly this year, review the amount of income tax you’re having withheld from your wages to see if it...
AMT: Will it Apply to You?
01/22/2014Read moreWhat’s your alternative minimum tax (AMT) preference? Though you might prefer to not think about the AMT, certain income...
Who Must File a 2013 Income Tax Return
01/20/2014Read moreThe rules for filing 2013 tax returns are straightforward for most people. Marital status, age, and income level are...