Filing for an extension isn’t without perils

April 11, 2016

Yes, the federal income tax filing deadline is slightly later than usual this year — April 18 — but it’s now nearly upon us. So, if you haven’t filed your return yet, you may be thinking about an extension. Read more

Special Report on the 2015 PATH act

March 16, 2016

Last December, President Obama signed the Protecting Americans from Tax Hikes Act (PATH act) of 2015 into law. The new law contains several tax benefits for individuals and for companies. Read more

Considering a gift to a loved one? Save taxes, too.

March 15, 2016

If your 2015 tax liability is higher than you’d hoped and you’re ready to gift some assets to your loved ones, now may be the time to get started. Giving away assets will, of course, help reduce the size of your taxable estate.

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2 Tax Credits for Small Businesses

March 3, 2016

Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two valuable credits are especially for small businesses that offer certain employee benefits. Can you claim one — or both — of Read more

Who’s Checking Your Tax Returns

February 20, 2016

There is a growing comfort level in society today regarding the accuracy of information produced by computerized processes. This is the assumption that, so long as the data is keyed into a computer program, the Read more

File early to avoid tax identity theft

January 26, 2016

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks — or perhaps even just a few days — away. But there’s another date you Read more