ABLE Accounts – A New Avenue of Assistance For The Disabled
For those of you that may be disabled, or have a disabled loved one, a recent congressional act has created a new tool that may assist in your day to day lives. ABLE accounts, created by the passage...
View ArticleIRS to Use Private Debt Collectors
There are almost 19 million people who owe more than $400 billion in back taxes to the U.S. Treasury. In late 2015, Section 32102 of the Fixing America's Surface Transportation Act, or FAST Act, was...
View Article2016 Presidential Electoral College Worksheet
Well, the 2016 Presidential campaign is about to come to a close. We here at Edgar and Edgar CPAs encourage all our fellow American's to go out and vote on Tuesday November 8th, 2016. Voting for the...
View ArticleTrump’s Tax Plan, And What It Means For You, The Taxpayer
Election 2016 has come and gone, and the United States has a new president. Along with a new president, we have many possible changes heading our way, including potential changes in the way we are...
View ArticleGive the Gift of Charity – and Deduct It, Too!
The holiday season is upon us once again, and that means increased opportunities to donate to charity. According to Charity Navigator, 31% of all annual giving occurs in the month of December – and...
View ArticleHappy Thanksgiving from Edgar and Edgar CPAs!
In honor of the annual turkey day feast, we thought we’d share some fun facts about Thanksgiving. Use these facts to amaze your family at the dinner table with your command of Thanksgiving trivia.Mary...
View ArticleIRA Charitable Rollovers
For charitable-minded taxpayers older than 70 ½ with an Individual Retirement Account (IRA), a Charitable Rollover could be a very tax-friendly way to donate to a worthy cause. Even better, this once...
View ArticleTrump’s Tax Plan, Part 2: Fewer Itemizers?
In a previous blog, we discussed some of Trump’s proposed tax changes, and their potential impact on taxpayers. In this blog, we’d like to discuss the impact that the proposed changes may have on...
View ArticleDon’t Horse Around! (Beware: Many more puns to follow)
For those of you out there who own racehorses (and let’s be honest – who doesn’t?), a change in the tax treatment of depreciating racehorses after 2016 is galloping your way.Ordinarily, horses placed...
View ArticleLet Tech Help with Your Resolutions
With a New Year come the inevitable New Year’s Resolutions. As everybody knows, these resolutions are hard to keep, that’s why we only try once a year. But here at Edgar and Edgar CPAs, we think a...
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