Category Archives: Personal Taxes
Form 1099 Increased IRS Scrutiny
To Our Business Tax Return Clients: We want to remind you that Form 1099-MISC must be issued to individuals and other unincorporated entities to which you paid $600 or more for services in calendar year 2011. Included in the list … Continue reading
After The Downgrade
Unimpressed with U.S. deficit reduction plans, S&P delivers on its warning. Presented by Deanna R Pickering, CPA, PFS Unprecedented and unsettling. Standard & Poor’s issued a historic downgrade of U.S. debt on August 5, sensibly waiting until the market week … Continue reading
The Current CD Quandary
Today’s yields can’t beat inflation. Presented by Deanna R Pickering CD investors are effectively losing money. According to Market Rates Insight, a research firm tracking bank rates, annualized inflation has surpassed long-term certificate of deposit rates since February. In April, … Continue reading
Progress on the building
We’ve put a video on our Facebook page showing the office and where we stand with contractors, etc. Please take a look at your convenience. Thank you again for all of your support.
A Praise God Moment for our Firm
This morning at about 9:00 am a man in a large pickup drove through our office wall. The details can be found at www.trib.com. Everyone in our office is safe and unharmed. We praise God for the safety of our … Continue reading
IRS Drops and Gives You 10… Military Tax Tips
(IRS Summertime Tax Tip 2010-07) In its summer series of tax tips, the IRS provided a few pointers that might help us with military clients. Combat Pay. If the service person serves in a combat zone as an enlisted person … Continue reading
The Bush-Era Tax Cuts Live On
A holiday gift for taxpayers? After a 277-148 passage in the House and an 81-19 approval in the Senate, President Obama signed the 2010 Tax Relief Act into law on December 17, extending the Bush-era tax cuts.1Here is the impact of … Continue reading
RMD’s to Charity Extended
President Obama signed the new tax law bill on Friday, December 17 that extends Qualified Charitable Distribution (QCD) for tax years 2010 and 2011. Individuals who are owners of a traditional IRA and are age 70 1/2 and older stand … Continue reading
Paying for College While Saving for Retirement
It can be done. All across America, families are meeting a mighty financial challenge the challenge of paying college costs with retirement potentially on the horizon. How do they do it? They go about it consistently; they also get creative.
Why You Shouldn’t Withdraw From Your 401(k)
Recently, you may have heard about a spike in 401(k) withdrawals. The evidence is not merely anecdotal. Fidelity Investments recently issued its 2010 overview of the 401(k) accounts it administers and found that 22% of participants had outstanding loans from … Continue reading
