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With Tax-Filing Season Near, Scammers Are Gearing Up

REPOSTED FROM CBSNEWS: http://www.cbsnews.com/news/with-tax-filing-season-near-scammers-are-gearing-up/ By ANNA ROBATON MONEYWATCH December 13, 2016, 5:30 AM With tax-filing season near, scammers are gearing up While many Americans are busy decking the halls, crooks are hard at work hatching new tax-related scams. That’s because scammers (like some eager Americans and tax preparers) are now gearing up for filing season --… Continue reading With Tax-Filing Season Near, Scammers Are Gearing Up

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Social Security Max Jumps to $127,200 for 2017

Most years, the government bumps up the maximum Social Security taxes that you can pay.  For 2017, the maximum wage base jumps to $127,200, an increase of $8,700, or 7.3%, over the max of $118,500 that was in place for 2015 and 2016. The Social Security Administration predicts that 12 million individuals will end up… Continue reading Social Security Max Jumps to $127,200 for 2017

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5 Things Every Savvy Doctor Knows When Picking a real Estate Agent

by Guest Writer Dave Miller  of Carr Healthcare Realty A commercial real estate transaction can either catapult or cripple your business. As one the highest expenses of healthcare practices, a real estate negotiation needs to be handled by an expert. One small mistake on a lease or purchase can cost hundreds of thousands of dollars.… Continue reading 5 Things Every Savvy Doctor Knows When Picking a real Estate Agent

2016 Year End Newsletter

Deducting Un-Reimbursed Professional Expenses

According to the IRS, to be deductible, an expenditure must be both "ordinary" and "necessary" in connection with your profession.  The IRS defines "ordinary" as common and accepted in a particular profession and "necessary" as helpful and appropriate for a particular profession. Here’s a list of 16 professional expenditures commonly incurred by healthcare professionals:  Automobile… Continue reading Deducting Un-Reimbursed Professional Expenses

2016 Year End Newsletter

IRS Announces Few Increases to Retirement Plan Limits for 2017

Most working professionals have access to a 401(k) plan or a 403(b) plan at work.  Amounts contributed to these plans generally reduce your taxable earnings and always grow tax deferred.  Like 2016, you can again contribute up to $18,000 into a 401(k) or 403(b) plan through salary deferrals in 2017. Anyone 50 or older by… Continue reading IRS Announces Few Increases to Retirement Plan Limits for 2017

2016 Year End Newsletter

Year End Projections Can Reduce Your Taxes

With the end of the 2016 calendar year quickly approaching, reviewing your specific tax situation may be tax-wise to help reduce your income taxes as well as possible underpayment of tax penalties. Year-end planning techniques to reduce your taxable income or increase your tax saving deductions may be available for you to consider before the… Continue reading Year End Projections Can Reduce Your Taxes