Archive

31Mar2015

Tax Filing Deadline Rapidly Approaching

  Article Highlights: Balance due payments Contributions to a Roth or traditional IRA Estimated tax payments for the first quarter of 2015 Individual refund claims for tax year 2011   Just a reminder to those who have not yet filed their 2014 tax return that April 15, 2015 is the due date to either file

24Mar2015

Don’t Overlook the Spousal IRA

Article Highlights: Spousal IRA Compensation requirements Maximum Contribution Traditional or Roth IRA One frequently overlooked tax benefit is the “spousal IRA.”  Generally, IRA contributions are only allowed for taxpayers who have compensation (the term “compensation” includes: wages, tips, bonuses, professional fees, commissions, alimony received, and net income from self-employment).  Spousal IRAs are the exception to

20Mar2015

Will the Interest on Your Vehicle Loan be Deductible?

Article Highlights: Vehicle loan interest Consumer loans secured by the vehicle Using home equity loans to create deductibility Exercising restraint when using home equity Whether or not the interest you pay on a loan to acquire a vehicle is deductible for tax purposes depends how the vehicle is being used (for business or personal purposes),

17Mar2015

Receive Your Refund Faster With Direct Deposit

Article Summary:   Speed Security Convenience Options Funding an IRA Don’t wait around for a paper check. Have your federal (and state, if applicable) tax refund deposited directly into your bank account. Selecting Direct Deposit is a secure and convenient way to get your money into your pocket more rapidly. Speed—When combining e-file with direct