TMTW #384 New Tax Law Series-Part 13: Education

Tax and Money Tip of the Week:
New Tax Law Series-
Part 13: Education

May 16, 2018 | No. 384

Click here to read about New Tax Law regarding Education Benefits.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next time

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TMTW #383 New Tax Law Series- Part 12: Big Estate Tax Change

Tax and Money Tip of the Week:
New Tax Law Series-
Part 12: Big Estate Tax Change

May 9, 2018 | No. 383

Beginning in 2018, the estate- and gift-tax exemption (a combined amount that applies to an individual’s gifts made during life or assets left at death) is doubling to nearly $11.2 million per individual or $22.4 million per married couple.  The exemption is also adjusted for inflation. This increase is set to lapse after 2025.
The unused portion of exemption is ‘portable’:  The tax overhaul also didn’t change the rules on “portability,” a generous tax benefit for many married couples.  It allows a surviving spouse to receive the unused portion of the federal estate-tax exemption of the spouse who died.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next time

 

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TMTW #382 New Tax Law Series-Part 11: Child Tax Credit

Tax and Money Tip of the Week:
New Tax Law Series-
Part 11: Child Tax Credit

May 2, 2018 | No. 382

Click here to read about the New Tax Law regarding Child Tax Credit.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next time

 

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TMTW #381 New Tax law Series-Part 10: Depreciation

Tax and Money Tip of the Week:
New Tax Law Series-
Part 10: Depreciation

April 25, 2018 | No. 381

Click here to read about the New Tax Law regarding Depreciation.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next time

 

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TMTW #380 Thank you Clients! Another Successful Tax Season!

Tax and Money Tip of the Week:
Thank You Clients!
Another Successful Tax Season!

April 18, 2018 | No. 380

The Week After Tax Season

Aaah…..the week after tax season is the best week in a CPA’s life each year!

We met a lot of new clients this year because of referrals from existing clients, and readers of our Tax and Money Tip of the Week. Thank you!

Our firm continues solid growth thanks to all of you.
A referral is the best compliment we can ever receive.

Even though our tax season is over, we will continue our Tax and Money Tip of the Week for the rest of the year. We will keep you updated on the constant tax law changes as well as spotlighting specific tax and money making ideas.

Again, thank you for making this one of the most successful tax seasons yet.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week

 

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TMTW #379 It is “OK” to File an Extension

Tax and Money Tip of the Week:
It is “OK” to File an Extension
April 11, 2018 | No. 379

Please take notice of our office closing date. Our office will be closing at 6:00pm on Saturday, April 14th and will not reopen until Wednesday, April 18th, 2018.

If you haven’t filed your tax return by now, you should probably consider filing for an extension.

To file for an extension, you simply need to submit Form 4868.  Submitting this form will give you until October 15th of that year to file your returns. However, an extension of the time to file is not an extension of the time to pay.  If you think you will owe taxes, you must send a payment along with the extension.  This applies for your federal and state tax returns

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #378 New Tax Law Series-Part 9: Sale of Personal Residence-No Change

Tax and Money Tip of the Week:
New Tax Law Series-
Part 9: Sale of Personal Residence-No Change

April 4, 2018 | No. 378

Click here to read about an exemption on home sales that remained the same.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next time

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