Tax reform proceeds to possible summer enactment
Lawmakers continue to debate comprehensive tax reform, aiming for a
package to clear Congress and be signed into law by the President
before summer. At the same time a “mini” tax reform pa...
FAQ…What are miscellaneous itemized deductions?
Miscellaneous itemized deductions are certain nonbusiness expenses
that individuals as taxpayers who otherwise itemize deductions may
take against their taxable income. Such miscellaneous expenses
April 2017 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important federal tax reporting and filing data for
How do I? Make tax-free gifts for tuition
With the soaring cost of college tuition rising on a yearly basis,
tax-free tuition gifts to children and grandchildren can help them
afford such an expensive endeavor, as well as save the generous
Year-end tax planning is right around the corner
It’s not too early to get ready for year-end tax planning. In fact,
many strategies take time to set up in order to gain maximum
benefit. Here are some preliminary considerations that may help
Liability for the "nanny" tax
Employers generally have to pay employment taxes on the wages they
pay to their employees. A fine point under this rule, however, is
missed by many who themselves have full time jobs and don’t t...