Third Quarter 2013 Tax Recap
The third quarter of 2013 brought many tax developments from Washington, the IRS and the courts. This memo highlights some of the more significant development that will impact our clients. As [...]
TAX CALENDAR
OCTOBER 2013 October 15 Individuals. If you have an automatic six-month extension to file your income tax return for 2012, file Form 1040, 1040A, or 1040EZ and pay any tax, interest, or penalties [...]
IRS Approves Simpler Home Office Deductions
Deducting legitimate expenses for a home office isn’t easy, but it can be done. Millions of taxpayers (including self-employed individuals and business owners) claim such deductions each year. [...]
Don’t Waste 529 Tax Benefits
Qualified tuition programs (QTPs), also known as 529 plans, offer substantial tax benefits. Investment earnings inside such plans avoid income tax. In addition, distributions from 529 plans to [...]