Archive for July, 2016

ARM Mid-Year Tax Planning Series (4 of 4): Don’t Pass up Tax-free Income

Take Advantage of Retirement Plan Options. The earnings on most retirement accounts are tax-deferred. (With Roth IRAs, they’re normally tax-free.) Thus, the…

Ohio Tax Fraud Alert

The Ohio Department of Taxation released the following statement today to alert taxpayers of a new tax scam sweeping southwestern Ohio: “Tax Commissioner…

ARM Mid-Year Tax Planning Series (3 of 4): Maximize Your Business Deductions

Take Advantage of the Generous Section 179 Deduction and First-year Bonus Depreciation. Under the Section 179 deduction privilege, an eligible business can…

ARM Mid-Year Tax Planning Series (2 of 4): Make the Standard Deduction Work for You

Make the Standard Deduction Work for You The tax rules allow you a deduction equal to the greater of your itemized deductions…

ARM Mid-Year Tax Planning Series (1 of 4): Take a Look at Your Investments

The 2016 federal income tax rates on long-term capital gains and qualified dividends are 0%, 15%, and 20%, with the maximum 20%…