How Taxation of Social Security Benefits is Determined
Congratulations! You’ve retired and started claiming Social Security benefits. But wait – your benefits are subject to federal taxation. This may come as a surprise, as it does with many retirees.
Qualified Charitable Distributions allow traditional IRA owners to save taxes while doing good
It’s rare that a tax strategy can help you save taxes and support a charitable cause, but the Qualified Charitable Distribution (QCD) does just that.
Business strategies to weather inflation and uncertainty
With inflation at an annualized 7.5%, businesses and consumers are searching for cost savings wherever they can. Here are a few accounting and tax strategies that can help.
Should you file a gift tax return?
By Zachary T. Payne, CPA Tax Supervisor If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. In some cases, even if it’s not required to file one, it may...Should you file a gift tax return for 2021?
If you made large gifts last year, you may be required to file a 2021 gift tax return. Even if it’s not required, it may be beneficial to file anyway.