Tax Tips: Obamacare hits tax returns …
The Obamacare mandates become effective on our 2014 tax returns.
The Affordable Care Act (Obamacare) requires that you have health coverage that meets the law’s...
Tax Tips: Charitable contributions
Americans are the most charitable people in the world, as evidenced by records of our annual donations of giving. Congress has been very generous...
Tax Tips: Beware of tax traps
Our tax code is extremely complex with rules and regulations that can often catch a taxpayer by surprise. There is nothing sadder than informing...
Tax Tips: Are all payments received income?
I often get questions as to whether payments a client has received are taxable and the answers are often surprising.
Many taxpayers are receiving Form...
Tax Tips: Foreign asset reporting – watch out
Several filing requirements can apply when you own or are a beneficiary of foreign financial assets. These forms report on the specific assets themselves...
Tax Tips: Self-employed retirement savings plans …
Saving for retirement has never been more important. The Social Security system is being placed under increasing strain as people live longer and the...
Tax Tips: Trusts and taxes
Trusts have become extremely popular in recent years. The most popular type is the intervivos or living trust which is used to control the...
TAX TIPS: Common tax myths
As our tax law becomes ever more complex, misconceptions regarding the law and its interpretation increase.
Many people think that by filing an extension they...
Tax Tips: Beating the taxman in retirement
While you are working, the taxman has you at his mercy. You can take advantage of tax-deferred accounts and pension plans but after that...
Tax Tips: Capital gains and losses
Capital gains and losses are areas that offer great tax planning opportunities, since in many situations, you control when the gains and losses will...