Important Due Date: Foreign Account Reporting Requirements (FBAR)
If you have financial authority over any foreign financial account you must file FinCEN Form 114 by April 18, 2017. Learn more in this week’s Tax Tip.
Childcare Providers Enjoy Special Tax Deductions
If you are a licensed childcare provider, you have a special way to calculate the business use of your home. We explain in this week’s Business Tip.
Tax Filing Deadline Is Around the Corner
Taxes are due April 18th—and it’s approaching fast! Learn what other IRS deadlines happen on April 18th in this week’s Tax Tip.
Home offices: Specific Qualifications for Deductions but Many Expenses Qualify
In today’s Marietta Daily Journal, Bil Lako, CFP®, highlights the home office deduction for those who work from home. Read the Article
Checking the Status of Your Federal Tax Refund is Easy
Keep tabs on your tax refund with the IRS’ “Where’s My Refund?” tool. Learn more in this week’s Tax Tip.
Don’t Overlook Standard Mileage Rate Add-Ons
Businesses shouldn’t overlook deducting parking and tolls, and state and local property taxes paid for business vehicles. Read more in this week’s Business Tip.
Use Direct Deposit for Faster Refunds
Antsy to get your hands on your tax refund? Opt for direct deposit to receive it faster. Read all about it in this week’s Tax Tip.
Having Tax Diversified Assets for Retirement
Principals Jennifer Thomas, CFP®, and Bil Lako, CFP®, are joined by Director of Research Troy Harmon, CFA, CVA, to discuss a common problem of investors who save the majority of their retirement funds in tax deferred accounts: taxes. They look at how required minimum distributions can bump a taxpayer into a higher bracket and the importance of having tax-diversification in your portfolio.
Maximizing Your Affordable Care Act Insurance Supplement
Many issues can affect your MAGI, which, in turn, can reduce or eliminate financial assistance for health insurance. Read more in this week’s Insurance Tip.
Tax Benefits for Parents
You’re probably aware of the dependent tax exemption, but there are many other tax breaks for parents. Read all about them in this week’s Tax Tip.