President Signs Tax Reform Bill ~ Highlights

Summary Income will generally be taxed at lower levels. Set to expire after 2025. No change in tax treatment of qualified dividends or capital gains. Treatment of personal residence sales remains the same. Higher standard deductions but no personal exemptions. Limits...

Washington CPA Foundation Scholarship

Want to win a $5,000 scholarship? Apply for the Washington CPA Foundation Scholarship, an opportunity for 40 Washington State students to get funding for college. The application deadline is February 16, 2016. Click here for more details.

2016 Reporting Requirements of the Affordable Care Act

Beginning in 2016 (for health coverage offered on or after January 1, 2015), Internal Revenue Code (IRC) Section 6056 requires Applicable Large Employers (ALEs) to file information returns with the Internal Revenue Service (IRS) to report applicable healthcare...

IRS Tips for Year-End Gifts to Charity

The IRS has reminded taxpayers making year-end charitable contributions to keep in mind current tax law requirements. To claim a deduction, donated clothing and household items must be in good or better used condition; monetary donations must be substantiated by a...

2015 Year-End Tax Planning for Individuals

  As you finalize plans for the holidays, remember to include some year-end and 2016 tax and financial planning. You can develop a personalized strategy that will help you gain peace of mind. Traditional Year-End Considerations A number of traditional year-end...