Tax Planning

  • Gifting Appreciated Property

    Tax complications, apart from questions of proof, do not ordinarily arise when you make a cash gift to a charity. However, complications can and do arise when you make a...

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  • TAX CUTS ACT: Change for Homeowners

    QUICK LINKS: Mortgage Interest | Real Estate Tax Traditionally, tax law provides numerous incentives for home ownership by allowing the deduction for mortgage interest and real estate tax. The Tax Cuts...

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  • How Long to Keep Tax Documents

    Regarding how long to keep your returns, here is the long answer: The IRS generally has up to three years after the tax-filing deadline to initiate an audit, so keep...

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  • SPECIAL REPORT: Tax Cuts and Jobs Act

    Sweeping Tax Overhaul Heads to House and Senate, a Tax Briefing from CCH Wolters Kluwer ...

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  • Business Considerations

    QUICK LINKS:  Tax Law Changes  |  Revised Repair Regulations  |  Partnership Audit Rules  |  Business Use of Vehicles  |  Affordable Care Act  |  Revised Deadlines As businesses approach year end,...

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  • Retirement Savings

    Now is a good time to review and evaluate your retirement savings. The tax code provides significant incentives for individuals to make contributions to retirement savings and plans, including traditional...

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  • Charitable Giving – Acknowledgement and Substantiation

    QUICK LINKS:  Acknowledgements  |  Vehicles and Boats  |  Payroll Deductions  |  Appreciated Property Americans donate millions of dollars to charities every year. The Tax Code encourages charitable giving by allowing a...

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  • Paying the IRS – Planning to Pay Individual Estimated Tax

    Some individuals have to pay estimated taxes or face a penalty in the form of interest on the amount underpaid. Self-employed persons, retirees and nonworking individuals most often must pay...

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  • Education Credits, Deductions & Savings Plans

    QUICK LINKS:  American Opportunity Tax Credit  |  Deduction for Qualified Tuition and Related Expenses  |  Lifetime Learning Credit  |  Section 529 Plans  |  Coverdell Education Savings Accounts  |  Educations Savings...

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  • Life Events

    Life events such as marriage, birth or adoption of a child, a new job or the loss of a job, and retirement, all impact year-end tax planning. Marriage – Marital status...

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