I understand that the new health care law may increase my tax by 3.8% beginning in 2013. What is this tax and what can I do to avoid it?
What you are referring to is the new 3.8 percent Medicare surtax that Continue reading…
I own a small business which I report as a sole proprietorship on Schedule C with my personal federal 1040 tax return. As I get ready for filing my 2011 return, what are some changes I may need to know?
First, it should be noted that the due date is Apr. 17, 2012 because Continue reading…
How is the interest which I earn on my U.S. savings bonds taxed?
Interest deferral on Series EE bonds. Series EE Bonds dated May 2005 and after earn a fixed rate of interest. Bonds purchased between May 1997 and April 30, 2005, earn a variable market-based rate of return. Continue reading…
S&B participated in the Jingle Bell Run/Walk with other runners and walkers in Northern Colorado raising more than $17,000 to fight arthritis. It was a fun and festive way to kick off the holidays by helping others!
On December 1, 2011, S&B celebrated Marta Poulos-Johnson’s 60th birthday, and her retirement from S&B as the firm’s receptionist for 9 years. Marta was the voice for S&B and will be greatly missed!
We want to start saving for our child’s college and have heard of a tuition plan with tax benefits. Can you help explain how it works?
You are probably referring to qualified tuition programs, also known as 529 plans (for the Internal Revenue Code section that provides for them), which allow prepayment of higher education costs on a tax-favored basis. There are two types of programs Continue reading…
