Year-end gifts and the gift tax annual exclusion
Tue, Nov 1, 2022

Many people want to make gifts of cash and stocks to loved ones during the holidays and at year-end. If properly used, the annual exclusion allows you to give to family members and loved ones and reduce the size of your taxable estate, within limits. This article provides details.

Selling trade or business property? Know the tax effects
Tue, Nov 1, 2022

The sale of business or trade property can be subject to many rules, depending on the details. Factors that affect the taxability of the sale include the type of property, the primary use and how long the property was held. This article gives a rundown of the rules.

As travel returns, so do travel scams
Tue, Nov 1, 2022

Many people are traveling again, for business and for pleasure. But as travel demand increases, so does travel-related fraud. This article describes how scam artists seek to use phone calls, emails and other means to take advantage of travelers — and offers tips to help individuals avoid becoming victims. 

Discover the “hidden” advantage of HSAs
Tue, Nov 1, 2022

Employers may want to explore the benefits of providing Health Savings Accounts (HSAs) to their workforce. When coupled with a high-deductible health plan, an HSA can be a powerful tool for funding medical expenses on a tax-advantaged basis. This brief article outlines the advantages and the 2022 contribution limits. 

Renting out your vacation home? Know the tax implications
Mon, Oct 3, 2022

What are the tax implications when a taxpayer who owns a vacation home rents it out? The answer depends on various factors, such as the amount of time rented out and the number of days used by the owner. The calculation of taxable income can be complex. This article explains.

Check kiting is no small matter
Mon, Oct 3, 2022

Despite the business community’s rapid adoption of digital payment methods, some companies continue to rely on paper checks. But there’s a long-standing problem with checks: They make businesses vulnerable to several damaging types of fraud, including check kiting. This article describes how a check kiting scheme works.

Beware of “wash sales” when selling securities
Mon, Oct 3, 2022

Under the “wash sale” tax rule, if a taxpayer sells stock or securities for a loss and buys back substantially identical stock or securities within the 30-day period before or after the sale date, that loss can’t be claimed for tax purposes. This article provides some key details for taxpayers about this often-surprising rule.  

Tax Calendar
Mon, Oct 3, 2022

Talking about the “sandwich generation”
Mon, Oct 3, 2022

The “sandwich generation” includes people who are caught between caring for their aging parents and still raising or helping their children. This brief article encourages those in the middle part of the sandwich to initiate family discussions with the other two parts to discuss tax and financial planning issues.

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Archived Newsletters

September's Topics:

Offset nursing home costs with possible tax breaks
Large cash business transactions must be reported to the IRS
Business owners, divorce and the potential for fraud
Large unpaid tax bills could endanger your passport


August's Topics

When is employer-provided life insurance taxable?
Should you digitize your tax and financial records?
Too much inventory at your business? Trim the fat!
A family budget for your needs — today and tomorrow


July's Topics:

Using alternative energy for business can bring tax benefits
Selling your business? An installment sale may yield tax benefits
A tax break for educators gets an update
Medicare premiums may lower your taxes
Tax Calendar


June's Topics:

Can you deduct the costs of a self-managed portfolio?
How start-up costs of a new business affect your tax return
Nonworking spouses may still contribute to an IRA
Help prevent financial scams aimed at older people