As if you didn’t already have enough things to consider when planning your wedding, postponing or accelerating your wedding date could help you come out ahead from a federal tax standpoint. While the lower brackets (10% and […]
Year-End Planning: Tax Brackets and the Marriage Penalty Read More »
While taxes may be the last thing on your mind when going through a divorce, these events can have a big impact on your income. Alimony and a name or address change are just a few
Recently Divorced or Seperated? Here’s What You Need to Know Read More »
The IRS recently launched a new resource center on IRS.gov aimed at providing tips for individuals that are taking part in the sharing economy. The past few years, the sharing economy has changed the way
The Sharing Economy & How It Impacts You Read More »
We’ll save you some time and start off by saying, HSA’s only benefit individuals and families who are in a high deductible health insurance plans (HDHP), not enrolled in Medicare, and are not claimed as
Five reasons you should open a Health Savings Account Now! Read More »
While digging though past court cases and IRS memos, we found these three surprising instances where medical deductions were allowed for not-so medical expenses: Mis-lead – A taxpayer, who’s child who was treated for lead
Three Qualified Medical Expenses that are sure to surprise you! Read More »
There has been an increase in IRS phone and email scams in recent months. Please be on the lookout and remember: An IRS agent will never call about money owed without first mailing you a
Summertime brings Scammers Read More »
When starting a business, understanding your tax obligation is one key to business success. With the internet and the wealth of information found on the web, it’s easy to be misinformed. Hopefully this post will clear
Three Tips for Starting a Business Read More »
Equity Based Compensation – Influencing the Choice of Entity One of the most important decisions you make when starting a business is entity selection. Many factors affect the choice of entity, from legal, to tax,
What every founder should know about Equity Compensation Read More »
The Social Security Administration’s Office of the Chief Actuary (OCA) has projected an increase in the current Social Security wage base from $118,500 (2015 & 2016) to $126,000 for 2017. This is bad news for
Proposed Increases to the Social Security wage base Read More »
With the end of 2016’s primary season in sight, we’ve looked to examine the tax plans of the last three candidates remaining. While many voters haven’t given these issues much thought, it’s important to consider
3 Things you need to know about each Presidential candidates tax plan Read More »
FinCEN Form 114, formerly referred to as “FBAR”, Report of Foreign Bank and Financial Accounts, is used to report a financial interest in or signature authority over a foreign financial account. The “FBAR” is due
Accelerated Due Date for FinCEN Form 114 Read More »
