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Welcome to Our Blog!

Check back for current news on our company and the financial industry.

Important Times to Seek Assistance

Waiting for your regular appointment to discuss current tax-related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year-end. Generally, you should call this office any time you have a substantial change in taxable income or deductions. By doing so, we can advise you about how to optimize your tax liability, avoid or minimize penalties, estimate and pre-pay required taxes, document deductions, and examine and explore tax options. You should call this office if you or your spouse:

  • Receive a large employee bonus or award
  • Become unemployed
  • Change employment
  • Take an unplanned withdrawal from an IRA or other pension plan
  • Retire or are contemplating retirement
  • Move or otherwise change your address
  • Exercise an employee stock option
  • Have significant stock gains or losses
  • Get married
  • Separate from or divorce your spouse
  • Sell or exchange a property or business
  • Experience the death of a spouse during the year
  • Turn 70½ during the year
  • Increase your family size through birth or adoption of a child
  • Start a business or acquire a rental property
  • Receive a substantial lawsuit settlement or award
  • Get lucky at a casino, lotto, or game show and receive a W-2G
  • Plan to donate property worth $5,000 ($500 if a vehicle) or more to a charity
  • Plan to gift more than $14,000 to any one individual during the year

In addition, you should call whenever you receive a notice from the government related to your tax return. You should never respond to a notice without first checking with this office.