The Healthcare Law’s Impact on Your Taxes

Healthcare Law's Impact On Your Taxes Article by Carl Peabody, CPA

You may not realize that the Affordable Care Act impacted more than your healthcare options and insurance costs. It also made changes to the 2014 tax returns that you file this year adding many new forms to fill out and questions to answer. If everyone in your household had health insurance coverage for all of 2014 through your employer, the good news is you likely just need to check …

What’s So Great About CPAs?

You may not have asked yourself that question in so many words, but you may have wondered what sets CPAs apart from other financial professionals and tax and accounting service providers. The answer in short: A lot. We typically begin our careers with years of college and graduate education. To become licensed, we must take the demanding Uniform CPA Examination, …

Don’t Fall Victim to Phony IRS Requests

The phone rings. The caller says they are from the Internal Revenue Service and they claim you owe taxes and must submit payment through a wire transfer or prepaid debit card. Or you receive an email supposedly from the IRS asking you to share your bank account, credit card or Social Security number.  What should you do? Don’t Fall Victim …

Year-End Gifts to Charity

Thinking about making charitable contributions before the end of the year to reduce your taxes? Here is a helpful post from IRS.gov. Something else not mentioned is contributing appreciated stock and other investments. There can be significant savings contributing long-term appreciated investments, but there are special rules to consider. For more information, contact me to discuss. Six IRS Tips for …