Dec 27, 2018 | Firm Updates, Retirement Planning
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) Contributions to...
Dec 27, 2018 | Firm Updates, International Tax
The Tax Cuts and Jobs Act (TCJA) includes sweeping changes to international tax law. In light of these changes, the IRS is working on adding and updating tax forms and schedules to reflect the new provisions of the TCJA. Some of the forms have been released as drafts...
Dec 18, 2018 | Firm Updates, Individual Tax, Tax Tips
Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to shrink your 2018 tax bill by selling some investments—you just need to carefully select which investments you sell. Try balancing gains and losses If you’ve sold...
Dec 12, 2018 | Firm Updates, Individual Tax, Tax Tips
With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by...
Dec 10, 2018 | Firm Updates, International Tax
U.S. taxpayers are not always aware that they must report their foreign accounts on an Foreign Bank Account Report (FBAR) in accordance with Foreign Account Tax Compliance Act (FATCA) requirements. If the taxpayer has reported all income (or did not have enough income...
