Summer is a good time to start your 2017 tax planning and organize your tax records
You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you...
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When an elderly parent might qualify as your dependent
It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for the adult-dependent exemption. It allows eligible taxpayers to deduct...
3 breaks for business charitable donations you may not know about
Donating to charity is more than good business citizenship; it can also save tax. Here are three lesser-known federal income tax breaks for charitable donations by businesses. 1. Food donations Charitable write-offs...
Claiming a federal tax deduction for moving costs
Summer is a popular time to move, whether it’s so the kids don’t have to change schools mid-school-year, to avoid having to move in bad weather or simply because it...
Are income taxes taking a bite out of your trusts?
If your estate plan includes one or more trusts, review them in light of income taxes. For trusts, the income threshold is very low for triggering the: Top income tax...
2017 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may...
PAY ATTENTION TO THE DETAILS WHEN SELLING INVESTMENTS
The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as...
COVERDELL ESAS: THE TAX-ADVANTAGED WAY TO FUND ELEMENTARY AND SECONDARY SCHOOL COSTS
With school letting out you might be focused on summer plans for your children (or grandchildren). But the end of the school year is also a good time to think...
Did you know we can set you up with your own, private and secure Portal?
It gives you a secure location where you can upload documents to your Client Service Teams, and they can share documents with you as well. Your unique login and password...
Tax season is moving into high-gear
Getting your information to your tax professional as early as possible ensures you get priority preparation. For individuals: If you haven’t yet returned your organizer, try to get that to...