Whalen CPAs: Firm News
What’s New at Whalen CPAs?
Exciting things are always happening at Whalen CPAs! Stay abreast of firm news and Contact Us if you have any questions.
Want info delivered right to your inbox – Subscribe Now
If you have a child in college, you may not qualify for the American Opportunity credit on your 2014 income
Read more
[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
Read more
[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
Read more
[vc_row][vc_column][vc_column_text]On Dec. 19, the president signed into law the Tax Increase Prevention Act of 2014 (TIPA), which extended through Dec.
Read more
[vc_row][vc_column][vc_column_text]An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction
Read more
Many retirement plan contribution limits increase slightly in 2015; thus, you may have opportunities to increase your retirement savings:
Read more
On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on
Read more
The 2014 gift tax annual exclusion allows you to give up to $14,000 per recipient tax-free without using up any
Read more
To take a 2014 charitable donation deduction, the gift must be made by Dec. 31, 2014. According to the IRS,
Read more
Appreciating investments that don’t generate current income aren’t taxed until sold, deferring tax and perhaps allowing you to time the
Read more
If you’re looking to reduce your 2014 tax bill, you may want to consider purchasing a business vehicle before year
Read more
Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t
Read more