Year-end tax planning – Now is the time to plan!

Year-end tax planning – Now is the time to plan! After December 31st, there are very few options taxpayers have in reducing their 2014 tax liability.  As of January 1st, 2015, taxpayers are pretty much limited to making contributions to their IRA and HSA accounts.  Your tax person ends of just being a preparer rather.. read more →

If I Sell My Home- Do I Pay Taxes?

With the increase of property values, many people are wondering about the capital gains implications of selling a home. Detailed below is information that you will find helpful for your main residence, a second home, and a rental property. Selling your main home for more than you paid generally does not result in a taxable.. read more →

Records Retention

How long should I keep my tax related documents? That is a common question many taxpayers ask. You should keep tax records for as long as the IRS has the ability to audit your return and/or impose additional taxes, which generally is three years after you file your return. This means you likely can shred.. read more →

Tax Update

As you are gathering information for your 2013 tax return, remember that we don’t need all of your information to get a good start on your return. If you are waiting for just a few items, please send in your information now- the earlier the better! We can add the missing pieces later. Not only.. read more →