News & Updates

Getting a divorce? There are tax issues you need to understand

In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ...
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The next estimated tax deadline is September 16: Do you have to make a payment?

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These ...
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Expenses that teachers can and can’t deduct on their tax returns

As teachers head back for a new school year, they often pay for various expenses for which they ...
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Taking distributions from your traditional IRA

If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA ...
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“Innocent spouses” may get relief from tax liability

When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the ...
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Accountable plans save taxes for staffers and their nonprofit employers

Have staffers complained because their expense reimbursements are taxed? An accountable plan can address the issue. Here’s how ...
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The tax implications of being a winner

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ...
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FED ISSUES GUIDANCE ON ACCOUNTING FOR LEASED BANK PREMISES

With the effective date of the Financial Accounting Standards Board’s new lease accounting standard rapidly approaching for nonpublic ...
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The “kiddie tax” hurts families more than ever

Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from ...
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Opportunity Zones: can your bank benefit?

The Opportunity Zone program, created by the Tax  Cuts and Jobs Act of 2017,  provides investors with a ...
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