Tax News you can use - Fall 2013

    September 16, 2013 is the deadline for third quarter estimated tax payments. 2012 Individual Returns on Extension must be filed by October 15, 2013. According to a recent Tax Court ruling (Rogers, TC Memo. 2013-177),…

Tips for Planning Next Year's Return

For most taxpayers, the tax deadline has passed. But planning for next year can start now. Being organized and planning ahead can save time and money in 2014. Here are a few things you can do now to make next April 15 easier. 1. Consider…

Tax Identity Theft Alert

I continue to read alerts from the IRS and professional tax preparer publications that identity theft of tax returns is a big problem and growing exponentially. What happens is that a thief will steal names and SSNs, along with other public…

An Update on Filing Date Delays

The GOOD NEWS is we didn't fall off the "fiscal cliff". The BAD NEWS is that filing delays are in the 2012 tax season forecast! The IRS has informed the professional tax preparer community that the earliest filing date for 2012 is January 30…

'Tis the Season of Giving - tax tips for year end giving and receiving

  The Season of Giving                Tax Tips for Charitable Giving Tax Deductible Contributions Contribute to Qualified Charities.  In 2011, the IRS increased their efforts to bring non-profits into compliance…

Designate your Housing exclusion amount for 2014

  Now is the time to secure your maximum tax benefit in 2014! Your church board or (denominational governing body or pension board for retired ministers) should adopt a parsonage or housing allowance for you in writing, and before the…