Retirement Plan Contribution Limits for 2018

Retirement Plan Contribution Limits for 2018 The Internal Revenue Service issued the annual cost of living adjustments Thursday for 401(k) contributions, pension plans and other retirement-related matters. The contribution limit for workers who are enrolled in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan has grown from $18,000 to $18,500. [...]

By |2017-10-24T09:25:00-07:00October 24, 2017|General Information, Tax Planning, Tax Tips|

Should I File a Tax Return?

Should I File a Tax Return? Most people file a tax return because they have to. Even if a taxpayer doesn’t have to file, there are times they should. They may be eligible for a tax refund and not know it. Here are five tips on whether to file a tax return: General Filing [...]

By |2017-09-18T08:46:50-07:00September 18, 2017|General Information, Tax Rules & Laws, Tax Tips|

Eight Tips to Prevent Identity Theft

Eight Tips to Prevent Identity Theft Identity theft happens when someone steals personal information for financial gain. Tax-related identity theft happens when someone uses another person’s stolen Social Security number (SSN) or Employer Identification Number (EIN) to file a tax return to obtain a fraudulent refund. Many people first find out they are victims [...]

By |2017-08-28T09:01:47-07:00August 28, 2017|General Information, Tax Tips|

Debt Cancellation May be Taxable

Debt Cancellation May be Taxable If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016. Here are 10 tips about debt cancellation: Main Home. If the canceled [...]

By |2017-08-07T13:59:41-07:00August 7, 2017|General Information, Tax Planning, Tax Rules & Laws, Tax Tips|

The Fair Wages and Healthy Families Act

THE FAIR WAGES AND HEALTHY FAMILIES ACT Earned Paid Sick Time  Employers: click here to download a pdf of the AZ Earned Paid Sick Time Poster 2017 EXEMPTIONS: The Fair Wages and Healthy Families Act (the “Act”) does not apply to any person who is employed by a parent or a sibling; any person [...]

By |2017-06-29T16:26:10-07:00June 29, 2017|General Information, Tax Rules & Laws|

Protect Your Computer Online

Protect Your Computer Online The Internal Revenue Service, the states and the tax industry urge you to be safe online and remind you to take important steps to help protect yourself against identity theft. Scammers, hackers and identity thieves are looking to steal your personal information – and your money. But there are simple [...]

By |2016-12-21T12:03:50-07:00February 10, 2016|General Information, Tax Tips, Tax Tips for Businesses|

Medicare Changes for 2016

Medicare Update 2016 Social Security beneficiaries will not have a benefit increase in 2016. Inflation has declined over the past year, fueled primarily by a large drop in the price of gasoline during that period. This means the Social Security wage base will remain flat for 2016 (staying at $118,500). By law, if beneficiaries [...]

By |2016-12-21T12:05:17-07:00November 16, 2015|General Information|

Tax Return Due Dates

Tax Return Due Dates The Senate and the House passed a short-term highway funding extension that contains several important tax provisions. The bill modifies tax return due dates for several common tax returns starting for tax year 2016 (filed in 2017). Partnership tax returns are due March 15, NOT April 15 as in the [...]

By |2016-12-21T12:06:43-07:00August 3, 2015|General Information, Tax Rules & Laws|

Assisting Victims of Tax-Related Identity Theft

Assisting Victims of Tax-Related Identity Theft Anyone - regardless of whether they are required to file a tax return or not or whether they are a minor, an adult or even deceased - can be impacted by identity theft. According to the Federal Trade Commission, 2014 marked the fifth consecutive year that tax-related identity [...]

By |2016-12-21T12:07:37-07:00June 24, 2015|General Information|
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