Twilley, Rommel & Stephens, PA
P.O. Box 766, Salisbury, MD 21803
Phone: 410.749.1919 Fax: 410.548.5039
Dear Clients and Friends,
Tax planning season is once again upon us and, as seems to be the case these days, we may not know the final regulations for 2014 until 2014 is over. Part of our service to you is keeping you up to date with current tax legislation and helping you make timely decisions to take advantage of legislation or avoid ramifications if necessary. After reading this […]
Retirement & Social Security Planning
As you begin planning for retirement, you’ll face many decisions that will impact your financial future including when and how to file for Social Security benefits. It’s a complex choice and generally a permanent one so knowing all the elements is key to maximizing your Social Security income between yourself and your spouse. Generally, a husband or wife is entitled to receive the higher of his or her own Social Security retirement benefit (a worker’s benefit) or as much as 50% of what his or her spouse […]
If you haven’t already heard, here is a handy PDF from the IRS website regarding COLA Increases for Dollar Limitations on Benefits and Contributions. According to the IRS, “The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases.”
This newsletter is full of ideas and suggestions that can help you with ongoing financial management and tax planning. It contains information on:
Planning for Retirement Income
As Collectibles Boom, Selling Can Be Taxing
S Corporation or LLC?
CPA Client Newsletter October 2014 TR&S CPA – click to read!
This CPA Client Tax Letter is provided by Twilley, Rommel & Stephens P.A. to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required for […]