Strategies for business and personal financial success

In the aftermath of a disaster, taxpayers may need to reconstruct their financial records to prove a loss and the amount of the loss. Read More

The IRS has released an updated stance on the new changes to the tax law that will affect non-profits this tax year. Read More

Married taxpayers who file a joint tax return are “jointly and severally liable” for the tax due. Read More

There’s good news for taxpayers who have long-term capital gains. Read More

What the changes mean for you regarding this upcoming tax season. Read More

As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash? Read More

Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans. And one of these plans got even better under the Tax Cuts and Jobs Act (TCJA). Read More

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions. Read More

In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the capital gains taxes you’d owe if you sold the property. Read More

Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental property this year. Read More