by Judith Ackland | Mar 31, 2017 | Taxes
You can make contributions to a regular IRA by April 18, 2017 and still deduct them on your 2016 tax return. Eligible taxpayers can contribute up to $5,500. If you are over 50, you can contribute up to $6,500. There are phase-outs by income level. You may be eligible...
by Judith Ackland | Mar 17, 2017 | Taxes
Back in January, we talked about things to consider when choosing a tax preparer. While the majority of tax preparers are ethical and trustworthy, there are some who are not. The IRS continues to warn taxpayers to watch out for unscrupulous tax preparers who may not...
by Judith Ackland | Mar 3, 2017 | Taxes
By now, everyone should have their W-2s from the employers they worked for in 2016. What do you do if you haven’t received a W-2? (Or more than one of your W-2s?) Contact your employer First step is to contact your employer or former employer. They may not realize...
by Judith Ackland | Feb 17, 2017 | Business Law, Taxes
In the last few weeks, I have several folks asking about what is the best type of entity to use for their business. Consequently, I thought we could revisit a blog from May 2016. Are you considering starting a new business? One of the decisions you will need to make...
by Judith Ackland | Feb 12, 2017 | Consumer, Taxes
This time of year, folks are gathering all their information to file their taxes. If you are planning on hiring someone to prepare your taxes, here are some questions to ask the preparer: Do you have a Preparer Tax Identification Number (PTIN) issued by the IRS? It is...
by Judith Ackland | Feb 10, 2017 | Taxes
Since the Affordable Care Act (ACA) was enacted, including the individual mandate to have health insurance, many questions arise when it is time to file tax returns. One issue that came up this week is calculating your premium tax credit. If you purchased your health...