The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2015 tax liability – you just must act by December 31:
PTO contribution arrangements can help prevent the year-end vacation-time scramble.
While tax consequences should never drive investment decisions, it’s critical that they be considered – especially by higher-income taxpayers, who may be facing the 39.6% short-term capital gains...
The IRS’s online search tool, Exempt Organizations (EO) Select Check, can help you more easily find out whether an organization is eligible to receive tax-deductible charitable contributions. You can...
Dent K. Burk Associates, P.C. and Hodges, Jones & Mabry. P.C. are pleased to announce the joining of their firms with the accounting firm of Brown, Edwards & Company, L.L.P., effective November 1,...
If you’re saving for college, consider a Section 529 plan. Although contributions aren’t deductible for federal purposes, plan assets can grow tax-deferred. (Some states do offer tax incentives for...
Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or Flexible Spending Account) may be deductible – but generally only...
Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a...
Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits:
The tax treatment of investment income varies, and not just based on whether the income is in the form of dividends or interest. Qualified dividends are taxed at the favorable long-term capital gains...