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: 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: Social security benefit taxation

The taxation of Social Security benefits depends on several complex calculations. The first step is to calculate your provisional income, which is your gross income...

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: People get ready, tax season’s a comin’

About this time of year, we begin to collect all the information we will need to properly file our income tax returns. Since it’s...

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: Tax myths

With the tax code approaching the size of the Encyclopedia Britannica, it’s little wonder there are many misconceptions and erroneous beliefs regarding tax regulations. Many...
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