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Blog Author: Noel Willis

Medicare Premiums: Beware of Adjustments When You Have a High Income Tax Year

The law requires an adjustment to your monthly Medicare Part B (medical insurance) and Medicare prescription drug coverage premiums when your income exceeds certain thresholds. If You Have a Higher

Understanding Sales and Use Tax on Services – Taxable and Non-Taxable Activities Depend on the State

Although many believe that services are exempt from sales and use tax, only a few states exempt all services.  On the other hand, only a few states actually tax all

De Minimis Fringe Benefits to Employees

With the holiday season approaching employers may desire to reward their employees with a little something extra in their stockings also referred to as a fringe benefit.  Consideration for the

Basis Considerations: property transferred by gift vs inheritance

Carryover basis on a life-time transfer (i.e., gift) When property is transferred before death (e.g. gifting) the recipient receives carryover basis of the donor’s original cost basis in the property.