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IRS Allows Self-certified Rollover Waivers

The penalty for failing to complete an IRA or a plan rollover in time can be severe. Unless you obtain a waiver from the IRS, the transfer is treated as a taxable distribution even if the failure is inadvertent. However, a new ruling provides some taxpayers with relief. Background: If you take a withdrawal from [...]

Due Date for FBARs Automatically Extended to October 15 Each Year

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 changed the due date for filing FinCEN Form 114 (Report of Foreign Bank and Financial Accounts; commonly known as FBARs) to April 15 of the following calendar year, with a six-month extension to October 15 allowed. (Previously, the due date was June 30 [...]

Should You Join in Crowdfunding?

Do you need an influx of cash to launch a business venture devoted to your personal passion? You can do things the old-fashioned way and issue an initial public offering (IPO) for review by prospective investors. Although IPOs remain viable for some types of businesses, especially larger ones, they can cost time and money, not [...]

Important! New Tax Filing Deadlines for 2017

For years that begin after December 31, 2015, taxpayers will have new filing deadlines for many tax returns.  The most significant changes are as follows: 2017 Tax Deadlines There are penalties for Form 1099 for incorrect filings, late filings and failure to file.  If Form 1099 is filed within 30 days of the [...]

Five Year-end Ideas for Your Business Benefit from PATH Act extensions

Remember that year-end planning is not just for individuals (see Seven Timely Tax Moves in 2016). In fact, your business operation may benefit from tax moves in 2016 in the wake of several key extensions in the Protecting Americans from Tax Hikes (PATH) Act of 2015. Here are five ideas for small-business owners to consider. [...]

A Letter of Instruction to my Family — Important Information to Have Ready to Pass onto Loved Ones

Please make sure to updated and review this list annually; also update beneficiaries & will if necessary ~ 1. Administrative and financial matters: I urge my family to rely principally on the advice of: My Lawyer___________________________________ or ___________________________________________ My CPA_____________________________________  or ___________________________________________ My Financial Advisor___________________________ or ___________________________________________ Other_______________________________________ or ___________________________________________ 2. About my financial records: [...]

By | December 7th, 2016|Estate & Trust, News & Events|0 Comments

Identity Theft Protection — Make Yourself Less Likely To Be A Victim

Helpful Tips from Brian Winters, Director of IT Create strong passwords and regularly change them The longer the password, the more secure Don’t use the same password across all platforms. LastPass can be used to track passwords (lastpass.com). Answers to security questions don’t have to be logical (i.e. mother’s maiden name). This is all a [...]

By | December 7th, 2016|Fraud, News & Events, Technology|0 Comments