Monthly Archives: August 2013

Tax Tips for Newlyweds

This time year is popular for weddings. So if you are a newlywed there are some important issues that need be taken care of—after the honeymoon. Now that you are married, your tax filing status has changed, and there are

Posted in Client Education

Is That Gift Taxable?

If you give someone money or property during your lifetime, you may be subject to the federal gift tax. The following tips will help you determine if your gift is taxable or if you are required to file a gift

Posted in Client Education

Congress Puts Lid On Health Flexible Spending Arrangements

As part of the Patient Protection and Affordable Care Act (new health care law), employee contributions to health flexible spending arrangements (health FSA) are now being limited to a maximum pre-tax contribution of $2,500.

Posted in News

Documenting Charitable Contributions

A frequently asked question is, “What records are required for charitable contributions?” In recent years, Congress has passed stringent recordkeeping rules for charitable contributions as well as harsh penalties for understating taxable income. The following is a summary of the

Posted in Client Education