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personal taxes

Managing the Tax Effects of Divorce or Separation

No one wishes for a divorce. But if it happens to you, are you prepared for the tax impacts that a divorce can have? It’s no surprise that the ripple effects of divorce reach all major areas of our lives. But most folks don’t consider how their tax situation will be impacted by divorce.  Filing […]

How to Get Your Taxes Done ASAP in 2017

You sent your tax paperwork to your accountant weeks ago. The tax filing deadline is almost here. You contact your accountant to find out if your taxes are done yet. They tell you they are planning to file an extension because they can’t get your return done on time. Arrrgh! You go ballistic! That happened […]

Debunking Myths About Financial Gifts

Financial gifts are gifts of money to family, friends, or charity. With the giving season approaching, let’s debunk a few common myths about gifting money. Most taxpayers don’t ever need to worry about gift taxes because most financial gifts (including money) are not subject to a gift tax. However, sometimes questions do pop up about […]

3 Times You Really Need to Call Your CPA

Every year during tax season, we have a handful of clients who get a really unpleasant surprise from Uncle Sam – a tax bill. Sometimes the surprise is moderate – maybe a few hundred bucks owed rather than a refund. Other times it’s downright painful. One client this past season had a surprise tax bill […]