States have become quicker to declare assets “abandoned” when
account owners lose touch with a financial institution.
Although state laws vary, assets may be determined abandoned if ...
2016 Retirement Plan Limits
The 2016 dollar limit on the maximum permissible allocation under a
defined contribution plan is $53,000. The maximum amount of
annual compensation that may be taken into account on behalf of
Tax Strategies for the Long Horizon
Higher rates have dramatically increased the complexity of planning
for many taxpayers. However, long-standing techniques for
managing income and deductions and taking best advantage of tax
Protect Your Business from a Data Breach
As you go about your day conducting business online, hackers are in
the wings, waiting to pounce and exploit one innocent miss-click,
mistake, or mismanagement of company data and files.
Preventing Tax Identity Theft
IRS Commissioner John Koskinen has asked companies to report
patterns of fraud and for tax preparation firms to team up to fight
return fraud. Criminals are using stolen identities to claim
Incorrect or incomplete transfer of residency will result in a
filing requirement in your former resident state. Properly
establishing residency in a new state helps a taxpayer avoid these
Getting Ready for Retirement
Getting your retirement financial plan in order can seem daunting –
but it does not need to be. Whether retirement is decades away or
just around the corner, there are a few important steps that...
Raising Financially Responsible Children
At what age should you give young adults control of money
accumulated for them? This really depends on the maturity of the
child. Do not focus so much on the age as much as the ability to
manage the a...
Tax reform proceeds to possible summer enactment
Lawmakers continue to debate comprehensive tax reform, aiming for a
package to clear Congress and be signed into law by the President
before summer. At the same time a “mini” tax reform pa...
FAQ…What are miscellaneous itemized deductions?
Miscellaneous itemized deductions are certain nonbusiness expenses
that individuals as taxpayers who otherwise itemize deductions may
take against their taxable income. Such miscellaneous expenses
April 2017 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important federal tax reporting and filing data for
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