Resources

Upcoming Deadlines for Tennessee Taxpayers: Aug-Dec

This is a brief guide to some Federal and state deadlines for Tennessee taxpayers filing returns on a calendar-year basis (most deadlines for fiscal-year filers will differ). Deadlines falling on a weekend or holiday are listed below on the next business day, but this may not always be the case for state and local purposes.  Consult Crisler […]

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Drawing Down Your Portfolio in Retirement

Retirees often need money from their investment portfolio, if they have little or no earned income. For many seniors, tax-efficient withdrawals require two levels of decisions. First, should the dollars come from regular taxable accounts or from tax-deferred accounts such as IRAs? Second, regardless of where the money is coming from, how will a portfolio […]

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1st Quarter Tax Deadlines for Tennessee Taxpayers

1st Quarter Due Dates: January – March 2017  January 10 Employees Who Work for Tips: If you received $20 or more in tips during the month of December, you should report them to your employer. Use IRS Form 4070 (Employee’s Report of Tips to Employer). January 17 Individuals: If you did not pay your 2016 income tax […]

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3 Developments that May Affect Your Taxes in 2017

These 3 developments could affect your taxes in 2017: Small Business Employers Who Don’t Offer Group Health Insurance On December 13th, President Obama signed the “21st Century Cures Act” into law, which adopted the Small Business Healthcare Relief Act (SBHRA). This new law introduces provisions to small employers to offer individual health plans with qualified small […]

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The Future of Long-Term Care

According to the 1999 National Nursing Home Survey, the average stay for discharged residents was 9 months and for current residents nearly 2-1/2 years, but 68% stayed less than three months. These suggest costs nearing $2,000 for a weeklong stay to well over $200,000 (and growing) for a 2-1/2 year stay. While long-term care insurance […]

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2nd Quarter Tax Deadlines for Tennessee Taxpayers

2nd Quarter Due Dates: April – May 2017  All due dates assume that the date falls on a business day. If the due date falls on a holiday or weekend, the due date will be the next business day. April 10 Employees who work for tips – If you received $20 or more in tips during March, […]

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Safe Harbor 401(k) Plans for Small Companies

Among employer-sponsored retirement plans, 401(k)s have become the standard. Some prospective employees assume that a job will come with a 401(k). Therefore, offering a 401(k) at your company may help you hire desired workers, and help you retain valued employees.             That said, there can be drawbacks to sponsoring a traditional 401(k). Such plans require […]

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Dealing With an IRS Audit

IRS data indicate that fewer than 1% of all individual income tax returns are audited each year. That’s true, but some taxpayers are more vulnerable than others. For starters, the IRS is more likely to audit taxpayers who report high incomes because that’s where larger amounts of underpaid taxes might be found. “Fewer than 1% […]

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Deciding About a Vacation Home

Whether you live in the thawing North or in the always mild South, the onset of spring leads to thoughts of summer vacations. After all, we just celebrated Memorial Day, often considered the unofficial beginning of weekend and weeklong getaways. At this time, you might be weighing the purchase of a second home specifically for […]

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3rd Quarter Tax Deadlines

3rd Quarter Due Dates: July – September 2017 All due dates assume that the date falls on a business day. If the due date falls on a holiday or weekend, the due date will be the next business day. July 10 Employees who work for tips – If you received $20 or more in tips during […]

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