Every year the IRS must adjust the dollar amounts of a variety of provisions which affect every taxpayer, to keep pace with inflation. New dollar amounts affecting 2012 returns, filed by most taxpayers in early 2013 include the following: more…

In December, 2010 President Obama signed into law the tax bill which extends many of the Bush-Era federal income tax cuts and the Pension Protection Act of 2006. This law has extended the provision that allows some people to make qualified charitable distributions from their IRAs. more…

Guest Post by Stephen Pedneault, CPA, CFF, CFE

Each time a tragedy strikes in the world, many people feel a strong sense of wanting to help the victims in any way possible.  There is a huge outpouring of support from around the globe comprised of financial and non-financial support. more…

With year-end near, many people are considering making their annual donations to their favorite charity.  A tax smart way to do this is to gift appreciated assets. more…

Taxpayers over age 70-1/2 with an IRA have a year-end tax planning opportunity.  more…