Close

Not a member yet? Register now and get started.

lock and key

Sign in to your account.

Account Login

Forgot your password?

IRS  // Posts tagged as "IRS"

08 Jun Posted by in Newsletters | Comments

Know the Tax Rules Before Gifting

Know the Tax Rules Before Gifting

Gift giving can be an important tax planning strategy. But before you write checks, learn the rules. Here are two of them: * Tax returns are not always required. The person receiving your gift does not have to file a return, no matter the amount. More good news: When you give gifts up to $14,000 […]

Read more...

17 Mar Posted by in Newsletters | Comments

April IRA Deadlines Fast Approaching

April IRA Deadlines Fast Approaching

As tax day approaches, there are two other April deadlines that may apply to you. If you have an IRA, take note of these dates: April 1 – If you turned 70½ in 2016 (six months after your 70th birthday), you must take your first required minimum distribution (RMD) from your IRA by April 1. […]

Read more...

10 Feb Posted by in Newsletters | Comments

What Records Do You Need For Tax Preparation?

What Records Do You Need For Tax Preparation?

If you’re not a naturally organized person, keeping your tax preparation records in one place might not be easy. But gathering the appropriate records ahead of time will make it easier on yourself and help ensure the accuracy of your tax preparation. Choose a place to collect your records and include the following: The basics: […]

Read more...

13 Sep Posted by in Newsletters | Comments

Will Student Loan Debt Affect Your Tax Return?

Will Student Loan Debt Affect Your Tax Return?

If you have student loans to repay, you may be wondering how that debt will affect your tax return. While repayment of the principal portion of your debt is not tax deductible, you can take an above-the-line deduction for up to $2,500 of interest that you pay in a year, as long as you meet […]

Read more...

18 Jul Posted by in Newsletters | Comments

Should You File a Form 5500-EZ?

Should You File a Form 5500-EZ?

If your business has a one-participant retirement plan such as a solo 401(k) – for example, if you own the entire business and the plan covers only you, or you and your spouse – you may be unaware that you can have tax filing responsibilities. Here are two situations when you may need to file […]

Read more...

06 May Posted by in Newsletters | Comments

Estate Executors: Add This New Task to Your To-Do List

Estate Executors: Add This New Task to Your To-Do List

If you’re an estate executor and you’re required to file an estate tax return, the IRS has a new form for you: Form 8971, Information Regarding Beneficiaries Acquiring Property From a Decedent. The form is designed to report to the IRS and to the beneficiaries the final estate tax value of property distributed or to […]

Read more...

29 Feb Posted by in Newsletters | Comments

CLIENT MEMO: Don’t Get Hooked By a Tax Scam

CLIENT MEMO: Don’t Get Hooked By a Tax Scam

The IRS has made preventing identity theft and tax refund fraud a top priority. An important part of the agency’s fraud prevention program is its campaign to inform taxpayers about the many varieties of tax fraud and how they can keep from becoming victims of a tax scam. Typical telephone fraud scenario Picture this: You’re […]

Read more...

20 Jan Posted by in Newsletters | Comments

Congress Passes Tax Extenders

Congress Passes Tax Extenders

In December, Congress extended tax breaks known as “tax extenders” retroactively to the beginning of 2015. In addition, the new law makes some of the rules effective through December 31, 2016, some effective through 2019, and some effective permanently. Other provisions change existing tax rules that were not part of the tax extenders. Here are […]

Read more...

30 Dec Posted by in Newsletters | Comments

Take Time for Year-End Estate Planning

Take Time for Year-End Estate Planning

As you update your beneficiary designations and wrap up other tax-related year-end matters, take time to make sure your estate plan reflects current rules. Why? Maybe you’re thinking estate planning is no longer necessary. This could be due to higher estate tax exclusions of $5,430,000 for 2015, and $5,450,000 for 2016. But even if the […]

Read more...

06 Apr Posted by in Newsletters | Comments

Should I Update My W-4?

Should I Update My W-4?

Remember the tax form you filled out when you first got your job ‒ the form that told your employer how to calculate your federal income tax withholding? That was Form W-4, Employee’s Withholding Allowance Certificate. If you received a big tax refund or owed the IRS a lot of money for 2014, it’s probably […]

Read more...