antiques in market

Are you thinking about donating “big ticket” items of property to charity? Beware of these IRS new regulations

Ten years ago, the Internal Revenue Service proposed regulations that would define how to value (and prove the actual value) of non-cash donations of $5,000 and over to charity.  The regulations involved things like artwork, jewelry, antiques and other possessions whose value is often in the eye of the beholder. Now, a decade later, the IRS has […]

tax charity

States vs. SALT or “How to turn taxes into charity”

Each year, thousands of CPAs and financial planners—like us—use their creativity and ingenuity to try to determine the best (legal) ways to lower your federal taxes.  You know you’re living in interesting times when state lawmakers join that crowd! The reason state legislators are working so hard to lower your federal taxes is something popularly known as[…..]

taxes file

Where Does Your Tax Money Go? Anyone? Anyone?

It’s tax time again, and as you look over your tax payments for calendar 2016, you’re undoubtedly wondering where those dollars are being spent. The Wall Street Journal recently published a chart which breaks down spending for every $100 of tax receipts—and concludes that the U.S. government spends like a very large insurance company that also happens[…..]