Is an Inheritance Taxable?
A frequent question is whether inheritances are taxable. This is a frequently misunderstood question related to taxation and can be complicated. When someone passes away, all of their assets will…
Volume 6 Issue 3
Credit for Family and Medical Leave Benefits
The Tax Cuts and Jobs Act that was passed last year included a new tax credit for employers that allows them to claim a credit based on wages paid to…
How Long Should You Hold On To Old Tax Records?
This is a common question: How long must taxpayers keep copies of their tax returns and supporting documents? Generally, taxpayers should hold on to their tax records for at least…
Preparing for Taxes for 2018 and Beyond
Tax reform has changed the way most taxpayers need to think about and plan for their taxes. It is no longer business as usual, and those who think it is…