We want to remind you of some important information to help in this year-end’s tax filings. Please read thoroughly, for there are many important changes. FORM 1099’S Please review your records to determine if any Form 1099’s are required to be prepared and mailed by 1/31/2017 to non-corporate companies (including LLC’s and/or individuals) who provided […]
Tax
Am I Having Enough Withheld?
If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year. By comparison, if you owe taxes when you file your return, you may […]
Ten Year End Tax Tips
Deductions may be limited for those with high incomes If your adjusted gross income (AGI) is more than $259,400 ($311,300 if married filing jointly, $155,650 if married filing separately, $285,350 if filing as head of household), your personal and dependent exemptions may be phased out, and your itemized deductions may be limited. If your 2016 […]
