What We Write

NQDC Plan Deferral Elections
If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. As[...]
Donate Appreciated Stock for Twice the Tax Benefits
A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies,[...]
Could “Bunching” Medical Expenses into 2018 Save You Tax?
Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to[...]
The Tax Consequences of Making Gifts to Loved Ones
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable[...]
529 Plans Offer Two Tax-advantaged Education Funding Options
Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid[...]
Charitable IRA Rollovers May be Especially Beneficial in 2018
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA[...]
Got Medical Bills?
The medical expense deduction threshold rises to 10% of Adjust Gross Income in 2019. But the threshold for itemizing out of pocket costs is only 7.5% of AGI on your 2018 tax return.
Tax Planning for Investments Gets More Complicated
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess[...]
Tax Deduction Ins and Outs of Donating Artwork to Charity
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a[...]
Saving Tax if Your Vacation Home Qualifies as a Rental Property
Do you own a vacation home? If you both rent it out and use it personally, you might save tax[...]
Do You Need to Make an Estimated Tax Payment by September 17?
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through[...]
VIDEO- Audit Proof Your Tax Return
This video will give you a quick rundown of some essential tips on how to audit proof your tax return.
Back-to-school Means Tax Break for Teachers
When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a[...]
VIDEO- 2018 Tax Highlights!
In a few short minutes, this video will give you an update on the 2018 tax changes that you need to know!
Will There Be “Extenders” Legislation?
The pieces of tax legislation garnering the most attention these days are the Tax Cuts and Jobs Act (TCJA) signed[...]
The TCJA Prohibits Undoing 2018 Roth IRA Conversions, But What About 2017?
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if[...]
Do You Still Need to Worry About the Alternative Minimum Tax (AMT)?
There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A[...]
Parents: Why the “Kiddie Tax” is More Dangerous Than Ever
Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of[...]
3 Midyear Tax Strategies that Hold Up Post TCJA
With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers[...]
Construction Work in Progress Schedules
Your construction company can now realize up to 20% more job profitability Learn about our dashboard reporting system for construction[...]
Are Frequent Flyer Miles Taxable?
If you're racking up lots of frequent flyer miles this summer, breathe easy. Miles awarded by airlines (and the credit card and debit companies) generally are considered nontaxable rebates.
What You Can Deduct When Volunteering
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that[...]
Home green home: Save tax by saving energy
“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill[...]
Do you know the ABCs of HSAs, FSAs and HRAs?
There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs.[...]
The Tax Impact of the TCJA on Estate Planning
The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But[...]
The Tax Advantages of Investing in Qualified Small Business (QSB) Stock
While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital[...]
Midyear Financial Check Up
It's midyear- pull over and check your progress to your financial goals.
VIDEO- The New Child Tax Credit
This video outlines the changes in the child care tax credit for 2018.
Consider Taxes When Deciding Where to Retire
Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes[...]
Saving Tax on Restricted Stock Awards with the Sec. 83(b) Election
Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences[...]
Sending Your Kids to Day Camp May Provide a Tax Break
When school lets out, kids participate in a wide variety of summer activities. If one of the activities your child[...]
Tax Consequences of Selling Your Home
In many parts of the country, summer is peak season for selling a home. If you’re planning to put your[...]
Do You Need to Adjust Your Withholding?
If you received a large refund after filing your 2017 income tax return, you’re probably enjoying the influx of cash.[...]
Proving Your Deductions VIDEO
How do you support your deductions if challenged? Watch this video!
Start Planning 2018 NOW!
With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back[...]
What Tax Records Can You Toss?
What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none. You need[...]
Important Deadlines for the Remainder of 2018
While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others[...]
Haven’t Filed Your 2017 Income Tax Return Yet? Beware of These Pitfalls!
The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s now[...]
You Still Have Time to Make 2017 IRA Contributions
Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free.[...]
Can You Claim Your Elderly Parent as a Dependent on your Tax Return?
Perhaps. It depends on several factors, such as your parent’s income and how much financial support you provided. If you[...]
5 Great Tax Secrets VIDEO
Watch this quick video overview of our top 5 tax secrets!
Home Related Tax Breaks: 2017 Versus 2018
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax[...]
Small Business Versus Hobby: Important to Know What’s Deductible
Hobby expenses are no longer deductible under the new tax laws.
Casualty Losses Can Provide a 2017 Deduction, But Rules Tighten for 2018
If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty”[...]
The New World of Deductions: What Everyone Needs to Know
How will the new itemized deduction tax changes impact you? Learn how itemized deductions will change in 2018 with the passage of new tax legislation.
Charitable Deductions: The Size Depends on Many Factors
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how[...]
What’s Your Mileage Deduction?
Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use[...]
5 Tips for Non Cash Charitable Contributions VIDEO
Feeling confused about what to do when confronting the new tax laws? Here's a great place to start.
Tax Deduction for Moving Costs: 2017 vs. 2018
If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your[...]
How Will the Tax Reform Bill Impact Real Estate
Dhalla CPA's Founder Azeem Dhalla had a great opportunity to join Janet Campbell from BlackStone Estates and discuss some recent[...]
Families with College Students May Save Tax on Their 2017 Returns
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be[...]
The Tax Cuts and Jobs Act Temporarily Lowers Medical Expense Deduction Threshold
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than[...]
Tax Cuts and Jobs Act: What You Need to Do Now VIDEO
[tcb-script src="https://widget.resourcesforclients.com/taxvid/sku/96-028-iframe.js?u=Kc2BnMypppmV&f=96-028" id="96-028" async=""][/tcb-script]