Important Papers After a Death
Valued Clients,When a death occurs in the family it is important to realize your attorney AND your accountant will play a vital role in administering and eventually closing the decedent’s financial affairs. The first step is to contact these...
Housing Allowance Clients
Housing Allowance in CourtA brief reminder the US Court of Appeals for the Seventh Circuit will listen to oral arguments from various Christian groups in appeal of the circuit’s original ruling of housing as unconstitutional. For now we ask you proceed as...
Financial Pitfalls
Putting kids above selfIf you choose to make financial sacrifices in order to help college or even adult children, you may be doing so at the end of your working life and the beginning of theirs. That does not make sense since the kids have more time to...
Notice to Pay Letter
IRS Demanding Payment? Discuss with Your Accountant FirstThis time of year many of you, our valued clients, receive notice letters from the IRS or the State Department of Revenue. The notice letters encourage you to write a check for unpaid tax, penalty,...
Form 5498
If you have money invested in an Individual Retirement Account you will be receiving a Form 5498 from TD Ameritrade or your stock brokerage firm in the mail the next 2-4 weeks.What is it?Form 5498 is information sent to the IRS by the trustees of...
Clients Who Are Under A Siege Of Student Loan Debt
PSLFIf you are employed by a government or not-for-profit organization, you may be able to receive student loan forgiveness under thePublic Service Loan Forgiveness Program.Employment Certification FormMany of you are already enrolled in the PSLF program...
Gathering Tax Documents
If we could give one piece of advice to our clients before heading into tax season it would be – REVIEW YOUR TAX ORGANIZER IN DETAIL.Organizers have been previously mailed and emailed. By using the organizer (or by using last year’s tax return) you can...
What the Tax Cuts and Jobs Act means for you
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the...
Donation Deduction
Based on pending tax reform this may be the last chance for some of you to itemize your deductions…maybe ever! The time for tax-effective charitable giving is now. Consult your GBE advisor for more details.Donation FactsIf you donate using credit card in...
H.S.A. Accounts Information
We received an overwhelming amount of questions regarding H.S.A. accounts this year. Though we can’t answer all of them in one message, we have provided basic information for you below.Is an H.S.A. the right move for me?Every taxpayer’s situation is...