Whalen CPAs: Blog
Discover Our Thoughts on Important Accounting Topics.
We understand that constantly changing tax laws can get confusing. That is why we keep our blog updated on tax policies that could affect the life and business of our clients. If you have any questions regarding an article featured on our blog, please contact the experts at Whalen CPAs for more information. Want info delivered right to your inbox – Subscribe Now
[vc_row][vc_column][vc_column_text]Incentive stock options (ISOs) allow you to buy company stock in the future at a fixed price equal to or
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[vc_row][vc_column][vc_column_text]Whether you filed your 2014 income tax return by the April 15 deadline or filed for an extension, you may
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WORTHINGTON, Ohio (April 23, 2015) -- Whalen & Company, CPAs celebrated more than the end to a successful tax season
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[vc_row][vc_column][vc_column_text]Facing an unexpected bill for the additional 0.9% Medicare tax? The additional 0.9% Medicare tax applies to FICA wages and
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When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs (though of course the specific
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[vc_row][vc_column][vc_column_text]If your business has made repairs to tangible property, such as buildings, machinery, equipment and vehicles, you may be eligible
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The deadline for 2014 IRA contributions is April 15, 2015. The limit for total contributions to all IRAs generally is
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[vc_row][vc_column][vc_column_text] Do you need to file a 2014 gift tax return by April 15? Generally, you’ll need to file a
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[vc_row][vc_column][vc_column_text]If you don’t meet IRS substantiation requirements, your charitable deductions could be denied. To comply, generally you must obtain a
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If you have a child in college, you may not qualify for the American Opportunity credit on your 2014 income
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[vc_row][vc_column][vc_column_text]The manufacturers’ deduction, also called the “Section 199” or “domestic production activities” deduction, is 9% of the lesser of qualified
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[vc_row][vc_column][vc_column_text]The Tax Increase Prevention Act of 2014 (TIPA) extended through Dec. 31, 2014, a wide variety of tax breaks, including
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