Blog Archives

5 Reasons Taxpayers over Age 70 1/2 Should Make a Charitable Donation From Their IRA

The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. Beginning in 2018, Single filers can claim $12,000, Head of Household $18,000 and Married Filing Jointly $24,000. Additionally, the maximum amount that can be deducted for state and


Tagged with: , , , , , , , , , , , , , , , , , ,

Understanding the New 20% Pass-Through Income Tax Deduction

In December, 2017 President Trump signed the new tax bill.  This is known as the Tax Cuts and Jobs Act (TCJA).  What received a lot of attention in the media was the tax cuts for individuals. For Connecticut taxpayers, check


Tagged with: , , , , , , , , , , , ,

4 Easy Steps to File Your 2017 Forms 1099

    1) Determine who should receive Form 1099   Business owners need to determine who should receive a Form 1099.  The Form 1099 will be issued to independent contractors and other parties. The IRS has rules to determine who


Tagged with: , , , , , , , , , , , , , , ,

How Equifax’s Catastrophic Security Breach Could Affect YOU

Portions of this articles were drawn from Consumer.ftc.gov, Irs.gov and Equifax.com The Equifax data breach exposed the information of nearly half the population of the United States. There is a greater than normal likelihood your data is now in hackers’


Tagged with: , , , ,

Changes to the Federal Application for Federal Student Aid (FAFSA)

College students need to complete the Application for Federal Student Aid (FAFSA) to qualify for any needed financial aid. Two new changes have taken affect for the new FAFSA process: You can now submit the FAFSA form as early as


Tagged with: , , , ,