Take Advantage of Education Tax Benefits

The tax code includes a number of incentives that, with proper planning, can provide tax benefits while you, your spouse, or children are being educated. Which of these options will provide the greatest tax benefit depends on each individual’s particular...
Tax Increase Prevention Act of 2014

Tax Increase Prevention Act of 2014

Dear Client: President Obama recently signed and enacted H.R. 5771 “Tax Increase Prevention Act of 2014,” which provides a one year extension on a number of tax relief provisions in the Internal Revenue Code (IRC) that had expired either at the end of 2013 or during...
Tips to Avoid Tax Penalties for 2014

Tips to Avoid Tax Penalties for 2014

Thanksgiving marks the beginning of the holiday season and the time when we begin to think about family get-togethers, holiday gift sharing and parties. But don’t overlook what comes right after the holidays: tax season. And don’t overlook a couple of things you can...