DOMA Decision and Federal Tax Impact on Same Sex Married Couples

by Richard S. Schwartz CPA. CVA NOTE: On August 29th,the IRS announced that all legal same-sex marriages will be recognized for federal tax purposes. In June 2013, the US Supreme Court overturned Section 3 of the Defense of Marriage Act (DOMA), which defined a...

Tips if you Owe Taxes

While most taxpayers get a refund when they file their taxes, some do not.??Here are?some?tips and options from The IRS if you owe federal taxes: 1. Tax bill payments. If you get a bill from the IRS this summer, you should pay it as soon as possible to save money. You...

Keep Financial Records Safe in Case of a Disaster

From IRS News: Hurricanes, tornadoes, floods and other natural disasters are more common in the summer.? We encourage you to take a few simple steps to protect your tax and financial records in case a disaster strikes. Here are five tips from the IRS to help you...

Now’s the time for Mid-Year Projections

Now’s the time to get a Mid-Year Tax Projection to see how you’ll do on April 15 next year. If you have self-employment income, made a job change during the year, have multiple sources of income, or just want to see where you stand tax-wise, our Mid-Year...

Disability Business Overhead Expense Insurance

By guest author Lawrence B. Keller, CLU, ChFC, CFP? As the owner of a medical or dental practice, you are the key to its success. Your patients and staff rely on you. If you become disabled, you may be unable to provide the services your patients expect or the...

Tips for Taxpayers Who Travel for Charity Work

From IRS Tax Tips Newsletter: Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips the IRS wants you to know about travel while serving a...