Archive

31Mar2016

Tax Filing Deadline is Right Around the Corner

    Article Highlights: Balance due payments Contributions to a Roth or traditional IRA Estimated tax payments for the first quarter of 2016 Individual refund claims for tax year 2012 Just a reminder to those who have not yet filed their 2015 tax return that the due date to either file your return and pay
  • 31 Mar, 2016
  • Jacqueline Cran
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28Mar2016

Employers – Important Due Dates Approaching

  Article Highlights: Forms 1094-C and 1095-C Applicable Large Employer Forms’ Purpose Filing Due Dates Beginning in 2015, Applicable Large Employers are required to file a new informational return – 1095-C, Employer-Provided Health Insurance Offer and Coverage. One of these informational returns must be provided to each full-time employee and filed with the IRS, along
  • 28 Mar, 2016
  • Jacqueline Cran
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21Mar2016

Take Advantage of the IRA-to-Charity Provision

    Article Highlights: IRA-to-Charity Transfer Provision Made Permanent Required Minimum Distribution How the Provision Plays Out on a Tax Return Tax Benefits of the Provision Individuals age 70.5 or over—who must withdraw annual required minimum distributions (RMDs) from their IRAs—will be pleased to learn that the temporary provision allowing taxpayers to transfer up to
  • 21 Mar, 2016
  • Jacqueline Cran
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07Mar2016

Proving Noncash Charitable Contributions

      Article Highlights: Noncash Charitable Contributions Establishing Donation Value Fair Market Value Documentation Requirements Appraisal Requirements   One of the most common tax-deductible charitable contributions encountered is that of household goods and used clothing. The major complication of this type of contribution is establishing the dollar value of the contribution. According to the
  • 7 Mar, 2016
  • Jacqueline Cran
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03Mar2016

2015 Transition Relief under the Employer Shared Responsibility Provisions

  Article Highlights: Employer shared responsibility provisions Who must be offered affordable minimum essential health coverage? Full-time employees Equivalent full-time employees Transitional relief Under the Affordable Care Act, certain employers – referred to as applicable large employers (ALEs) – are subject to the employer shared responsibility provisions, which require ALEs to offer affordable minimum essential
  • 3 Mar, 2016
  • Jacqueline Cran
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