Tax Tidbits

Tax Tidbits - November 2022

If you are in the market for an electric vehicle, you should review the new rules to help you maximize the credit that you are allowed.

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Tax Tidbits - November 2021

As virtual currency continues to rise in popularity, the IRS is doing its best to keep up with the constantly changing environment.

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Tax Tidbits - July 2021

There are several tax proposals in the Biden Administration as outlined in the American Families Plan and FY 2022 budget.

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Tax Tidbits - October 2020

The issue of debt cancellation has been around almost forever.

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Tax Tidbits - June 2020

The 2020 worldwide coronavirus pandemic created an economic fallout.

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Tax Tidbits - October 2019

When you look at the meaning of the word “vocation,” it conveys a strong feeling of suitability for a particular career or occupation.

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Tax Tidbits - May 2019

The past tax season, that being the one in which we all got to experience the effects of the Tax Cuts and Jobs Act, was one of the most difficult that I have ever experienced.

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Tax Tidbits - October 2018

Some of you have to pay federal income taxes on your Social Security benefits. This usually happens only if you have other substantial income in addition to your benefits such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return.

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Tax Tidbits - May 2018

On December 22 , 2017, President Trump signed into law the Tax Cuts and Jobs Act of 2017. The new law overhauls the Internal Revenue Code by lowering tax rates and altering a number of tax provisions.

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Tax Tidbits - October 2017

We Americans have heard about tax reform from the current administration since before they were elected. I have written about the manifesto that the White House issued in April 2017.

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Tax Tidbits - May 2017

In April 2017, the White House issued its outline on tax cuts titled: 2017 Tax Reform for Economic Growth and A m e r i c a n Jobs. The outline is broken into Goals for Tax Reform, Individual Reform and Business Reform and Process

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Tax Tidbits - October 2016

In September of this year, the Internal Revenue Service and its Security Summit partners issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act (ACA). 

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Tax Tidbits - May 2016

Tax season represents a time to see friends, to reconnect with clients and to help the people that matter most in our professional lives – our clients. It is a time to close out the old year and start conversations regarding the New Year.

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Tax Tidbits - October 2015

Hello from the new location of our Tax and Business Services Department and our Insurance Services affiliate at 447 E. Water Street. Our move was successful and we are enjoying our new facility and being closer to our main office located at 400 E.

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Tax Tidbits - May 2015

The last piece of legislation to make it through the 113th Congress in 2014 was the extension of 55 individual and business tax provisions that expired on December 31, 2013. These provisions were signed into law in early December 2014, only to expire weeks later on December 31, 2014.

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