Employer Reporting on Forms 1095-B / 1095-C Under the Affordable Care Act In March the IRS released final regulations concerning the information returns required to be filed by employers under the Affordable Care Act. Copies of the actual forms have not yet been released by the IRS. This article is intended to be a broad…

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Endow MD Tax Credit

The information for Endow Maryland tax credit is up on the Community Foundation website The basics are that MD residents (individuals and businesses) are eligible for a 25% tax credit on their MD State Income Tax in 2015 if they make a gift to a qualified fund at a MD Community Foundation. Because the credits…

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Special Tax Report December 2014

Please check out this Special Report from December 16, 2014. Tax Increase Prevention Act of 2014 / ABLE Act/Omnibus Funding Agreement. Find out recent news and events and how these code changes and extenders will impact your tax situation. Highlights Over 50 Extenders More Than 500 Code Changes State and Local Sales Tax Deductions Extended…

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Mountain Climber in snow

This newsletter is full of ideas and suggestions that can help you with ongoing financial management and tax planning.  It contains information on: Deferred Income Annuities Global Funds vs. International Funds Accumulating Assets Tax Calendar   CPA Client Newsletter December 2014 TRS CPA Group CPA  Click to Read! This CPA Client Tax Letter is provided by TRS…

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