Summer Learning Series Starts on June 20th
McIlvain Staff Volunteer at Habitat House Build
Partner, Kelli Strube and Jeni Masters took a break from tax season to assist with a Habitat build this last Saturday. Others on are staff are looking forward to their turn to participate in late March. Jeni commented, that she “just couldn’t describe how good it feels to hammer those nails!”
Where’s My Refund?
With the IRS not releasing their updated tax forms or accepting returns until after January 30th this year, folks are having to wait even longer for their long-anticipated refunds. Once these returns start flowing in the coming weeks, the next question is often: Where’s My Refund? Taxpayers can access this information at IRS.gov. The information required [...]
McIlvain & Associates CPAs Honor our Troops on Wear Red Friday!
http://redshirtfridays.org/
Important Information for Taxpayer’s Age 70 1/2 and Older…
The American Taxpayer Relief Act of 2012 (ATRA), signed into law on January 2, 2013, extended the charitable IRA rollover provision, allowing taxpayers ages 701/2 or older to donate up to $100,000 ($200,000 per couple) of their IRA assets to a public charity for 2013. This effectively avoids the federal tax on otherwise RMD distributions. [...]
IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500;
WASHINGTON — The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. In tax year 2010, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed deductions for business [...]
Fiscal Cliff 2013 and Payroll
Kelli Strube communicated the following in a memo to some of our clients this morning. McIlvain and Associates can be your trusted resource to answer questions and to help to ensure your compliance as these decisions are being made in Washington. “Regarding payroll processing, a few changes are now in effect based on Congress’s decisions of late. If [...]
Year End Goal Setting
At this time of year, many of us carve out a little down time to reassess the previous year and then set some lofty goals for the new year. I personally love this season of new beginnings, and I came across a helpful article on goal setting that contains ‘”Seven P’s” worth sharing. “When you are inspired by [...]
Ready to Tackle that Year-End Organization Project?
New Year’s resolutions seem to follow a pattern year after year: Reduce clutter, tackle paperwork, organize finances, and get a jump on taxes. But even the most digitally savvy consumer can amass reams of paperwork by year’s end, from ATM and gift receipts to credit card statements and tax forms. Here’s the skinny on what [...]
