May 10, 2019 | Blog, Community, Life, Our World, Wealth
One of the biggest challenges in the accounting and financial world is the existence of the unknown future. There is much about life we simply cannot control despite our best plans and predictions. Many outside factors either support or diminish our finances and...
Apr 29, 2019 | Blog, Individual Taxes, Life, Our World, Tax Law, Taxes
Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible casualty loss victims could claim a deduction on their tax returns. But there are new restrictions that make these...
Mar 21, 2019 | Blog, Community, Life, Our World
March 18, 2019, 3:29 PM EDT / Source: TODAY By Rachel Paula Abrahamson More than 2 million people watched — and wept — as Rion Holcombe, a 20-year-old man with Down syndrome, joyfully opened an acceptance letter from South Carolina’s Clemson University in 2013. Behind...
Feb 26, 2019 | Life, Non-Profit, Tax Law
Raffles are popular fundraisers for not-for-profits. But they’re subject to strict tax rules. State laws on nonprofit-sponsored raffles can vary significantly, but nonprofits must comply with federal income tax requirements linked to unrelated business income,...
Feb 21, 2019 | Blog, Individual Taxes, Life, Taxes
Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to...
Feb 20, 2019 | Blog, Life, Tax Law, Taxes, Wealth
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially protect yourself from tax identity theft — and...
