Vernoia, Enterline + Brewer, CPA LLC

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Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. Alimony payments paid under a divorce or separation instrument are deductible by the payer, and the recipient must include it in income. Name or address changes and individual retirement account deductions are other items to consider.

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The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Read the rest of this entry »

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The IRS is providing help to the victims of Hurricane Harvey. Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas. Read the rest of this entry »

Disaster planning is usually associated with businesses. But individuals need to prepare for worst-case scenarios, as well. Unfortunately, the topic can seem a little overwhelming. Read the rest of this entry »

Health care costs continue to be in the news and on everyone’s mind. As a result, tax-friendly ways to pay for these expenses are very much in play for many people.

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The three primary players, so to speak, are Health Savings Accounts (HSAs), Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs). Read the rest of this entry »

Over the next few months, many parents will start paying college expenses. If you’re among them, there are rules regarding withdrawing funds from 529 accounts. Read the rest of this entry »

ownerIf summer plans include starting a business, be sure to visit IRS.gov. The IRS website has answers to questions on payroll and income taxes, credits and deductions plus more. Read the rest of this entry »