Adjusting Tax Withholding from Your Paycheck

After finishing up your tax return, it's a smart idea to do a little planning ahead for next year. Your income or deductions may be changing, and you may want to adjust your withholding to avoid having too large of a refund or a significant balance due. Finding just the right level of withholding can be tricky, especially if you anticipate significant [...]

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The Key Benefits of Health Savings Accounts

Funds set aside in an health savings account (HSA) can be double tax-free. Contributions are tax-deductible when going into the HSA. And distributions can be tax-free when [...]

Pensions, a Penny Saved Is a Penny Taxed

Foreign pension plans present unique challenges for U.S. citizens living overseas because they meet at the intersection of frequency and complexity from a U.S. tax [...]

Don’t Confuse Health Care Forms

With the tax filing deadline approaching, remember that the Affordable Care Act contains tax provisions that affect your 2015 income tax return. Taxpayers who are claiming or [...]

IRS Marks Small Business Week 2016 with Four Webinars

As the nation celebrates Small Business Week May 1-7, the IRS will host four free webinars. The webinars will help small business owners with their taxes. The IRS also [...]

When Does A Partnership Terminate For Tax Purposes?

This Tax Geek topic was born out of necessity; in recent years, we have seen a depressing amount of late partnership tax returns because the tax advisor failed to recognize [...]

Real Estate in US – an update from Arcus Lending

Author - Shashank Shekhar, CEO, Arcus Lending It's a refrain we've been repeating a lot lately, yet it's one we like to hear: Home values are still rising in most places, and [...]

Now is a Good Time to Plan for Next Year’s Taxes

You may be tempted to forget about your taxes once you’ve filed but some tax planning done now may benefit you later. Now is a good time to set up a system so you can keep [...]

Houston Area Taxpayers Affected by Severe Weather May Qualify for Relief from Penalties on Late Tax Returns

The Internal Revenue Service today advised taxpayers who are affected by severe weather in the Houston area and other parts of Texas that they may qualify for relief from [...]

Things You Should Know about Filing Late and Paying Penalties

April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If you are due a refund there is no penalty if you file a late [...]

Tips for Those Who Missed the Tax Deadline

Monday, April 18, was the tax deadline for most people in 2016. If you didn’t file a tax return or an extension to file but should have, take action now. If you missed the [...]