Archive for - December, 2014

Estate planning – putting the pieces together

Dec. 29, 2014

Goals, both short-term and long-term, are critical for an effective estate plan. These goals allow you to put the pieces of your estate plan together in an organized manner. Some […]

Happy holidays from Walthall CPAs: holiday hours

Dec. 24, 2014

Walthall CPAs will close at noon on Christmas Eve and remain closed on Christmas day. We will also be closed on New Year’s day.  Enjoy your holidays! View our holiday […]

IRA Required minimum distributions for those over 70 1/2

Dec. 22, 2014

It’s often called the prime of life. It’s that time when all those years of hard work and all that money saving finally pays off. It’s your retirement, and even […]

President Barrack Obama signs 2014 tax extenders

Dec. 22, 2014

President Barack Obama signed the Tax Increase Prevention Act. The list of more than 50 tax extenders means money in in the pockets of both businesses and individuals on April 15 […]

Is Employer-Provided Parking a Taxable Fringe Benefit?

Dec. 22, 2014

Recently, the IRS issued a letter that addressed the taxability of employer-provided parking. “Free” parking for employees may not always be tax-free, and could result in taxes for both the […]

Is employer-provided parking a taxable fringe benefit?

Dec. 22, 2014

Recently, the IRS issued a letter that addressed the taxability of employer-provided parking. “Free” parking for employees may not always be tax-free, and could result in taxes for both the […]

Donating publicly traded stock or a car

Dec. 18, 2014

Should you donate appreciated publicly traded stock? It’s the season for giving. Many of us make extra donations during December to share our bounty with others. Appreciated publicly traded stock […]

Senate passes the ABLE Act for parents and people with disabilities

Dec. 18, 2014

The Senate passed the ABLE Act, which allows for savings accounts for individuals with disabilities for certain expenses, like education, housing, and transportation, without jeopardizing certain important federal benefits such […]

Congress passes the Tax Increase Prevention Act of 2014

Dec. 17, 2014

Awaiting the president’s signature, Congress finally passed the Tax Increase Prevention Act of 2014. This act includes a one-year extension (2014 only) for the following key items: Individuals:     […]

Should you make additional tax payments before December 31?

Dec. 16, 2014

State estimated tax payments and early property tax payments made by December 31 are generally tax deductible for the regular tax. However, many people are finding they are subject to […]