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In the News: Tax Extenders Bill Passes

Many tax changes impact 2015 Congress has passed legislation that will impact your 2015 tax bill. Most of these tax laws expired in 2014 and created uncertainty during 2015. While passing legislation that impacts a tax year that is all but over seems unreasonable, here are some of the popular… Read More

The Lost Art of Tracking Home Improvements

How a tax law makes us sloppy and creates a tax risk One of the more popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married couple) of any profit made when selling your home. As long as you follow the rules, most home… Read More

Déjà vù All Over Again

Will the habit of late law changes continue? The Congressional habit for repeatedly making late tax law changes is now so bad that the IRS is reserving blank lines on the form 1040 for possible law changes this month. Given the potential for retroactive tax law changes in 2015, please… Read More

The “Special” Reindeer Quiz

As the holidays approach, we will quickly be flooded with holiday specials, iconic movies and lit-up everything. As you sit around the fire staying warm, consider your knowledge of that iconic reindeer who guided Santa’s sleigh on a stormy winter night. How old is Rudolf? The story of Rudolf is… Read More

Tax Savings Ideas are Still Available

As the end of the year approaches, there is still time to make moves to manage your tax liability. Here are some ideas to consider before the glitter ball drops in Times Square. Maximize your retirement plan contributions.This includes IRAs and 401(k) plans at work. Given the contribution limits in… Read More

Be a Better Charitable Giver

Simple moves to make your giving go further These days, we all want our money to go further and charitable donations are no exception. Yet sometimes, even well-intentioned gifts may end up going to a poorly run charity or the charity does not receive the full benefit of your gift…. Read More

Tis the Season…for Review

As 2015 winds to a close, there are a number of tasks that should be reviewed. To help you plan accordingly, here are some things to consider. Employee benefits. Most employer benefit plans have enrollment periods that coincide with the calendar. Please review your benefit options with your employer and… Read More