Archive

24Nov2015

Identity Theft and Your Wallet

Article Highlights: What ID Thieves Need Driver’s License & Social Security Card Potential Financial Issues What is in your wallet or purse can make a big difference if it is stolen.  Besides the credit cards and whatever cash or valuables you might be carrying, you also need to be concerned about your identity being stolen,

21Nov2015

Facing a Huge Gain from Selling Real-Estate Property?

    Article Highlights: Adjusted Basis Acquisition Value Passive Loss Carryovers Installment Sale Tax-Deferred Exchange Tax on Net Investment Income If you are contemplating selling real-estate property, there are a number of issues that could impact the taxes that you might owe, and there are steps you can take to minimize the gain, defer the

19Nov2015

Will Your Favorite Tax Incentive Expire?

Article Summary: Expiring Tax Provisions Personal Provisions Business Provisions Will Congress Act? More than 50 tax provisions that Congress routinely extends on a yearly basis expired at the end of 2014. The big problem is, each year they are extending the provisions later and later in the year, creating uncertainty for taxpayers on whether they

05Nov2015

Should You Itemize Your Deductions for Taxes?

Article Highlights: Who Qualifies for the Standard Deduction Who Is Not Allowed to Use the Standard Deduction Income Limitations for Itemized Deductions Phase-out of Itemized Deductions Looking ahead to the filing season for this year’s tax returns, a frequent question is whether you should keep track of tax-deductible expenditures or simply settle for the standard

02Nov2015

Marketplace Health Insurance Checkup

Article Highlights: Advance Premium Tax Credit Family Income Family Size Reporting Changes to the Marketplace Repayment of Credit Married Filing Separately If you are one of the many individuals or families who purchase their health insurance through the federal or a state government health insurance marketplace and are receiving an advance premium tax credit (subsidy