Your Guide to State, Local, Federal, Estate + International Taxation

Medicare: Things you need to know, but don’t want to ask

Turning 65 in September was a momentous life event for me. Birthday celebrations, my thoughts becoming more focused on retirement and my eligibility for Medicare. I was no longer eligible for my employer’s health savings account and I needed to sign up for Medicare to provide my medical insurance coverage. It is unbelievable the amount …

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Oregon’s new tax

Oregon is one of the five states that does not have a state sales tax, but it is now adding a Corporate Activity Tax to make up for that lost state income. With the goal of raising approximately $1 billion in new annual revenue, the new tax will paint a broad stroke on more than …

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Protect your heart and wallet from online romance scams

On September 25th the FTC announced a lawsuit against the online dating service Match.com, challenging several of Match’s business practices. One of which has exposed customers to romance scammers. Don’t miss: Property lien scams Free Match.com account holders got notifications to read messages from potential admirers. If they paid to read that message, they probably …

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IRS warns taxpayers of property lien scam

This month the IRS issued a Tax Tip warning taxpayers about fake property liens. This is just one of many scams out there designed to trick you into paying money for fictitious bills. Don’t miss: IRS issues warning to virtual currency owners Here are some of the attributes of the scam that the IRS wants …

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IRS issues warning to virtual currency owners

Recently, the IRS began sending letters to taxpayers involved in virtual currency transactions notifying them that they may have failed to properly report income or adequately report their transactions. These letters began going out in July and continued through at least the end of August. 10,000 taxpayers are expected to receive these letters. 5 tips …

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5 tips after changing your name due to marriage or divorce

So, you married the love of your life? Or maybe you left him in the gutter where you found him? Either way, the IRS wants you to know that whatever your name is, the name on your tax return must match the name registered with the Social Security Administration (SSA). Here are five things to keep in …

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Managing client expectations

When a trusted advisor tells you that the project you are waiting for will be done by the end of the week, you expect the project to be done by the end of the week. When Friday rolls around and you have not heard from your advisor, you may not be very happy about the …

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Long-term care planning and reporting

Long-term care insurance has become more prevalent in today’s financial planning tactics. This topic can create a great deal of confusion and uncertainty about what is the right decision to make. The main reason individuals are reluctant to consider long-term care insurance is the fact that it may never get used. The truth of the …

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6 Newlywed tax tips

Have you recently married? Do you plan on being married by the end of the year? Likely the last thing on your mind currently is taxes, but there are a few things you’ll want to take care of to avoid unnecessary stress at tax time. Learn more about tax planning as newlyweds Notify the Social Security …

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Late entity classification: IRS guidance

We have often seen clients struggle with their decisions as to what type of tax entity classification they should choose for their businesses. Sometimes business owners or shareholders may decide to change their business’s entity classification after the business has operated for one or more years. These changes may be due to several reasons such …

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