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Returning Value Blog

Donors Can Get Emotional Satisfaction and Tax Benefits Through Their Giving.

Posted by Lisa Albritton on Feb 21, 2018

Which countries, states, and individuals give the most to charity?

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Posted in Individual Tax

Follow IRS Rules to Ensure You Receive Your Charitable Tax Deductions

Posted by Marty Williams, CPA on Feb 19, 2018

If reducing your taxable estate is an important estate planning goal, making lifetime charitable donations can help achieve that goal and benefit your favorite organizations. In addition, by making donations during your lifetime, rather than at death, you can claim income tax deductions. But some of your charitable deductions could be denied if you don’t follow IRS rules.

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Posted in Individual Tax

The IRS Updated its 2018 Withholding Tables

Posted by Murry Guy, CPA on Feb 09, 2018

Is your employer withholding enough in taxes?

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Posted in Individual Tax

Do You Have to File a Gift Tax Return?

Posted by Trisha Williams, CPA on Jan 19, 2018

Protection under annual gift-tax exclusion

Did you make gifts to family members in 2017? As long as the gifts did not exceed the limits for the annual gift-tax exclusion, you should have no federal gift-tax worries. You do not even have to file a gift-tax return. And the annual gift-tax exclusion limit, which has not budged in five years, is finally going up in 2018.

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Posted in Individual Tax

Seven Steps for Tax Return Season

Posted by Lisa Albritton on Jan 11, 2018

One sure sign that spring is coming: It is time to prepare to file your annual tax return. You can alleviate some of the usual stress if you have your 2017 return professionally prepared, but you still have some work to do. Here are seven practical suggestions to help you spring into action: 

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Posted in Individual Tax

A Snapshot of How the New Tax Law Affects Individuals

Posted by Lesley L. Price, CPA on Jan 08, 2018

Here is a brief look at how the new Tax Cuts and Jobs Act bill affects individuals.

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Posted in Individual Tax

Who Could Benefit From an IRA Charitable Rollover?

Posted by Michael D. Machen, CPA, CVA on Dec 21, 2017

 

Consider contributing your "Required Minimum Distribution" (RMD) to a charity. It’s called the charitable IRA rollover. It’s a tax planning strategy for donors giving anywhere from $100 to $100,000 that was made a permanent part of the tax law in 2016. Now, with the big changes in the tax cuts bill, it makes this strategy even more relevant as millions of Americans will take the increased standard deduction and lose the incentive to itemize their taxes, including charitable deductions. 

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Posted in Individual Tax

You Give Back. Now It's The IRS's Turn

Posted by Lisa Albritton on Dec 07, 2017

Volunteers can get a tax break for unreimbursed expenses.

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Posted in Individual Tax

Seven Time Tested Year-end Tax Tactics

Posted by Don G. Chastain, CPA on Nov 06, 2017

At this point, it is still uncertain whether any significant tax reform will be enacted this year. Keeping that in mind, individual taxpayers may stick with “tried-and-true” methods to reduce taxes owed at year-end. Here are seven prime examples: 

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Posted in Individual Tax

Are You On The Hook For Unauthorized Charges?

Posted by Lisa Albritton on Nov 02, 2017

With the recent Equifax hack, it serves as a reminder of how easily your information can fall into the wrong hands. Here are some basic guidelines of just how liable you are for lost or stolen bank cards.

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Posted in Individual Tax

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