News & Articles

Team Member Spotlight: Dominque Collins

Posted on Mon, Jul 19, 2021
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Tags: CPA Firm, Tax Return, Team Member

Team Member spotlight: Micah VanWesep-Scott

Posted on Wed, Nov 25, 2020

Micah VanWesep-Scott joined Echelbarger, Himebaugh, Tamm & Co., P.C. (EHTC) as a tax intern in January 2018 and became a Staff Accountant in June 2018. Since then, Micah has expanded her technical expertise and experience in the areas of tax and business valuations, becoming a key member in both the Tax and Transaction Advisory Services departments. Micah graduated from Grand Valley State University with her Bachelor’s Degree in Accounting and is currently pursuing her Certified Public Accountant (CPA) certification.

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Tags: Business Valuation, Tax Return, Trusts, Financial Due Diligence

Tax Tips for Individuals Who Haven't Filed a Return for 2019

Posted on Fri, Jun 12, 2020

As part of the federal government's tax relief measures during the COVID-19 pandemic, the IRS extended key deadlines for the 2019 tax year and for making 2020 estimated tax payments until July 15, 2020. If your 2019 personal return is still awaiting completion, you may have significant retroactive tax-planning flexibility.

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Tags: Michigan State and Local Tax (SALT), Tax Return, HSA, COVID-19

Should You Extend Your 2019 Tax Return?

Posted on Thu, Feb 27, 2020

Roughly 15 million individual taxpayers filed for an automatic six-month extension for the 2018 tax year, according to the IRS, compared with about 10 million people in previous years. Why did the number of extensions surge last year? Most changes under the Tax Cuts and Jobs Act went into effect in 2018. So, many people who filed an extension weren't just procrastinating — they were taking extra time to digest the 2017 tax law.

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Tags: Tax Extension, Tax Return

10 Elections To Save Money On Your 2019 Return

Posted on Wed, Feb 05, 2020

2020 is a presidential election year. You'll have an opportunity to cast a vote for your favored presidential candidate in November, but you can make several other key "elections" this year when filing your 2019 tax return. These elections may be influenced by the Tax Cuts and Jobs Act (TCJA), as well as the year-end spending package that was signed late last year. 

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Tags: Tax Return, Tax Figures for 2019

5 Last-Minute Ideas to Lower Your 2018 Taxes

Posted on Mon, Mar 18, 2019

It's almost Tax Day! But don't despair; there still may be time to make some moves that will save taxes for your 2018 tax year. Here are five tax-saving ideas to consider. 

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Tags: Deductions, Tax Return, Tax Deduction

Don't Overlook Miscellaneous Itemized Deductions

Posted on Fri, Dec 08, 2017

Many people itemize deductions on Schedule A of their tax returns, rather than taking the standard deduction. Your tax preparer will generally advise you to do so if your allowable itemized deductions exceed the standard deduction.

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Tags: Expenses, Deductions, Tax Return

Spouses are Guilty Until Proven Innocent

Posted on Mon, Jun 12, 2017

When you got married, you knew it was for "better or worse." But you might not know about laws that hold you responsible if your spouse cheats on a tax return.

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Tags: IRS, Tax Return, Marriage

Spring Cleaning: When Can You Purge Your Old Financial Records?

Posted on Mon, Apr 24, 2017

Feeling the urge to purge? April 18, 2017, was the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your filing cabinets of old financial records, however, it's important to make sure you won't be caught empty-handed if an IRS auditor contacts you.

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Tags: IRS Audit, Records Retention, IRS, Tax Return, Maintain Records

Tax Fraud Awareness: How to Protect Your Identity and Assets

Posted on Tue, Jan 17, 2017

The IRS, taxpayers and tax preparers share a common enemy: identity thieves. We all have a part to play in the fight against tax-related identity theft. Your role starts by learning the mechanics and warning signs. From there, taxpayers can take proactive steps to protect their data online and at home.

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Tags: Tax, IRS, Fraud, Tax Return