by duryeacpa | Jan 13, 2015 | Admin, Tax
Make a payment of your Federal estimated tax for 2014 by January 15, 2015 if you did not pay your income tax for the year through withholding (or did not pay in enough tax that way). Use Form 1040-ES, Estimated Tax for Individuals. This is the fourth and final...
by duryeacpa | Jan 13, 2015 | Admin, General, Tax
We mailed 2014 Tax Organizers on January 7, 2015. We encourage you to use the Organizer and we will once again be extending a 10% discount to our clients who substantially complete the Organizer. Please submit your completed organizer and supporting documents as soon...
by duryeacpa | Jan 13, 2015 | Retirement, Tax
Lifetime required minimum distribution (RMD) rules apply to pension plans such as corporate and self-employed pensions, profit sharing and stock bonus plans, traditional IRAs, SEPs and most tax-sheltered annuities. While the rules are complex, you must generally...
by duryeacpa | Jan 13, 2015 | Retirement, Tax
The mechanics of IRAs and other retirement plans such as 401(k)s are generally well-understood. When you contribute to your Traditional IRA you receive a deduction and it grows tax-deferred until it is withdrawn, at which time it is reported as ordinary income. The...
by duryeacpa | Dec 10, 2014 | Tax
Keep in mind these opportunities to reduce your tax burden Please look out for our year-end client letter with detailed information about 2014 tax changes, ideas for reducing taxable income and increasing deductions and red flags that increase audit risk. In the...
