Archives for: "March 2016"

Income Averaging and Transitions in Tax Law

Over the years tax law has been quite fluid based on changes and incentives Congress intends to provide to taxpayers in each session. This amoeba-like quality is what makes comparisons between different generations of the tax code difficult. It's more… more »

Volunteer Tax Assistance Resources

During tax season each year I occasionally come across issues that I need to research or verify. That's when I think a complete list of resources would be handy. I've started developing such a list and am making Volunteer Tax Assistance Resources available on-line. The page is at http://www.tylerhosting.com/voltax/. This is a collection of resources I've developed to assist me and others with our volunteer work at VITA and AARP Foundation Tax-Aide programs and includes … more »

Common IRA Traps

This tax season has been one for IRA traps. IRAs are great, but meeting the rules can be a challenge. With hefty penalties on large sums, any mistake can be disastrous. Here's a few issues I've encountered this year. Don't Forget to Take RMDs. With most… more »

Continuing Education: Duty of Professionals

Certification is at the heart of many professionals. While CPE is the duty of many professionals, the real duty is to keep abreast of the changes in the profession in order to meet the expectations of clients, even in areas that they may not expect you to be knowledgeable. Being a professional is more than getting a qualification… more »