News & Articles

Year-End Reminder: Don't Forget FSAs

Posted on Wed, Nov 30, 2016
The holidays can be a joyous — but hectic — time of year. While you're juggling shopping for gifts, decorating your home and planning get-togethers with friends and family, it's easy to forget to spend any remaining funds in your Flexible Spending Accounts (FSAs) before New Year's Day. However, if you fail to observe the "use-it-or-lose-it rule," you could forfeit any money left over in your accounts, unless a special provision applies.

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Tags: Health FSAs, Year-End, Year-End Planning, Child and Dependent Care Credit, FSA

Year-End Tax Strategies for Small Businesses

Posted on Fri, Nov 11, 2016
It's not too late to take steps to significantly reduce your 2016 business income tax bill and lay the groundwork for tax savings in future years. Here's a summary of some of the most effective year-end tax-saving moves for small businesses under the existing Internal Revenue Code. After President Obama hands over the baton to his successor and new members of Congress are sworn into office in January, the tax laws could change. But here's what we know now.

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Tags: Year-End Tax Planning Strategies, Business, Year-End, Year-End Planning, Small Business, Business Owner

Year-End Marital Status and Taxes: Timing Is Everything

Posted on Tue, Dec 02, 2014

As if the process of getting married (or divorced) isn't difficult enough, couples also need to take income tax considerations into account before tying (or untying) the knot. That's particularly true for those who plan a change in marital status late this year or early next year. A taxpayer's marital status for the entire year is determined as of December 31. A taxpayer who is married (or divorced) on that date is treated as if he or she were married (or single) all year long.

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Tags: EHTC Article, Marital Status, Year-End Planning, Newsletter, Articles, Tax Return