Archive for - March, 2014

Thinking of starting your own business?

Mar. 24, 2014

Are you thinking of starting your own business? We’re here to help make your dream become a reality with a few smart spending (and saving) tips. –          First thing’s first, […]

$760 million for those who haven’t filed 2010 income tax returns

Mar. 19, 2014

The IRS announced that refunds of almost $760 million could be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010. To collect […]

Be aware of tax return identity theft

Mar. 18, 2014

Tax return identity theft spikes during tax filing season Identity theft is a growing problem and tax return filing season is one of the peak times for identity thieves filing […]

Deadline for older adults with IRAs and qualified plan accounts

Mar. 18, 2014

A critical date is approaching if you were age 70 1/2 in 2013. By Apr. 1, 2014, you must commence making required minimum distributions (RMDs) from their regular IRAs. Also, […]

Preparing for Retirement

Mar. 13, 2014

You’ve worked the hours (and the years) to get to retirement—so let’s make sure you have what you need to relax. Here are a few financial steps to take to […]

Carrying back a Net Operating Loss

Mar. 12, 2014

How do I elect not to carry back an NOL ? Many taxpayers find the ability to carry back a net operating loss (NOL) one of the most business-friendly provisions […]

Walthall wins NEO Success Award

Mar. 07, 2014

Walthall CPAs is proud to be selected as a NEO Success Award recipient.  The Inside Business NEO Success Awards showcase the success of business in our region by annually recognizing the […]

Tax tip: Deducting summer camp and child care expenses

Mar. 05, 2014

Child care expenses – what is deductible? From summer camp to after-school programs to babysitting.  Every summer working parents not only need to arrange care for their children while at […]

Charitable contributions

Mar. 05, 2014

A taxpayer claiming a deduction for a charitable contribution of $250 or more must obtain and keep a written acknowledgment of the contribution from the charity. The written acknowledgment must be […]