2015 Gift Tax Exclusion

by | Nov 18, 2015 | Blog, Taxes

This year you can give up to $14,000 to as many individuals as you want without any gift tax liability. If you’re married and your spouse joins in the gift, you can, as a couple, elect to give $28,000 to each person with no gift tax liability. Once December 31,...

Avoid Underpayment Penalties

by | Oct 7, 2015 | Blog, Taxes

Check the total taxes you’ve already paid in for the year through withholding from your wages and/or quarterly estimated payments. Are you underpaid? Consider adjusting your withholding for the final months of 2015 or increasing your remaining quarterly...