Taxpayer AdvocateOn January 10th, the Taxpayer Advocate, made her annual report to Congress. The Taxpayer Advocate is an actual person. Her name is Nina E. Olson, and she's been the Taxpayer Advocate since March of 2001. She heads up the office of the Taxpayer Advocate,...
FILING DATESThe IRS will begin accepting tax returns on Jan. 29. Smith, Kunz will be accepting clients before then, but will wait to e-file returns on the 29th. The nation’s tax deadline will be April 17 this year – so taxpayers will have two additional...
We've received a high volume of tax preparation calls, and we've been reaching out to clients regarding actions to take in light of the recent passage of tax reform Below is a bullet-point list of strategies that could be a good fit for you. Of...
Trump's Tax ReformThe Tax Cuts and Jobs Act legislation was signed into law December 22, 2017 by President Trump. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below. Most provisions are effective for 2018....
How Much Does Medicare Cost in 2018?The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received Social Security benefits paid...
IRA and Retirement Plan Limits for 2018IRA contribution limitsThe maximum amount you can contribute to a traditional IRA or a Roth IRA in 2018 is $5,500 (or 100% of your earned income, if less), unchanged from 2017. The maximum catch-up contribution for those age 50...
November 1 Begins Open Enrollment for Health Insurance MarketplacesBeginning on November 1, 2017, individuals (including their families) may apply for new health insurance or switch to a different health-care plan through a Health Insurance Marketplace under the Affordable Care Act (ACA). The open enrollment period...
Planning for Succession of a Business InterestBusiness succession planning — what is it?One of the important decisions a business owner must face is when and how to step out of the business — in other words, business succession planning. Do you expect to retire from...
Our firm slogan is, “It’s not just about numbers.” The slogan is meant to remind us and our clients that economic profit metrics should not be the only yardstick we use to measure success in our businesses and our personal lives. Money is nice. More...
House Passes the American Health Care Act On May 4, 2017, the House of Representatives passed the American Health Care Act (AHCA). With some changes, this is essentially the same law that was pulled from consideration by the House back in March. Compared to the Affordable...
