Monthly Archives: January 2016

Jointly or Separately – How to File After Saying I Do

A taxpayer’s filing status for the year is based upon his or her marital status at the close of the tax year. Thus, if you get married on the last day of the tax year, you are treated as married

Posted in Client Education

Launching a Startup: 8 Steps to Make it Happen

Every year, thousands of entrepreneurs across the nation launch their own business. If you’re ready to start your own business, here’s a step-by-step overview of what you need to do to make your vision become a reality. 1. Start with

Posted in Client Education

Traditional to Roth IRA Conversions

The tax provision that allows taxpayers to convert a Traditional IRA to a Roth IRA is a great tax-planning tool when used properly, and timing is everything. To make a conversion, you must pay income taxes on the amount of

Posted in Client Education

Unpaid Debt Can Take Your Refund

As the 2015 tax season approaches, you may be getting excited about your potential tax refund. However, that excitement may be premature if you have outstanding federal or state debts.  The Treasury Department’s Bureau of the Fiscal Service (BFS) issues

Posted in Client Education

Are Legal Expenses Tax Deductible?

A frequent question that arises is whether legal expenses are deductible.  The answer to that question can be both yes and no and can be complicated depending upon the nature of the legal expense.  The Internal Revenue Code (IRC), which

Posted in Client Education

Purchasing Health Insurance Through the Govt Marketplace?

When applying for insurance through a state or the federal health insurance marketplace, you will be asked to provide an estimate of your household income for 2016. Your household income is a key factor in determining if you are qualified

Posted in Client Education

All You Need to Know about the New Tax Extender Legislation

Congress has reached a bipartisan agreement on tax extenders, aptly named “Protecting Americans from Tax Hikes Act of 2015”. Much to everyone’s surprise, some were made permanent while others were only extended for a period of time. Congress also modified

Posted in News