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December 2016 Archives

Will deductions reduce your taxable income?

During the holiday season it is not very common to think about one’s tax return. Indeed, in our prior post we warned against the seduction of tax refund anticipation loans, but that’s arguably the only way taxpayers are thinking about their returns. But for those who want to be savvy and informed, it is important to know what deductions are and how they work.

Why the estate tax is still around today

If there are two constants in life, they are death and taxes. Even in death, there is an estate tax that may apply to things you leave behind. After all, as the old adage goes, you can’t take it with you. While this may be true, why would you want to leave money for Uncle Sam?

Employers will not longer be fined for reimbursing employees

While the news about politics has centered around President-elect Donald Trump’s transition team, little news about tax reform has hit the mainstream media. However, Congress has made some changes that could affect employers and employees alike as early as next year.

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Law Offices of Robert T. Leonard, APC

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Toll Free: 888-408-9486
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