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So far adminmwa has created 27 blog entries.

Unearned Income Medicare Tax

Unearned Income Medicare Tax Many tax changes are currently scheduled to occur as of January 1, 2013. We wanted to highlight one such change that could impact ANY taxpayer with modified adjusted gross income in excess of $200,000 ($250,000 for joint filers or $125,000 for married taxpayers [...]

2018-06-11T20:41:00+00:00 Tax Matters|

Were You Impacted by the IRS Data Breach?

Were You Impacted by the IRS Data Breach? May 27, 2015 -- The IRS announced on Tuesday that criminals have used taxpayer specific informatin to gain access to approximately 100,000 taxpayer accounts through the IRS's "Get Transcript" application. The criminals have uncovered Social Security numbers, names, current [...]

2018-06-11T20:39:29+00:00 Tax Matters|

Protecting Americans From Tax Hikes of 2015

Protecting Americans From Tax Hikes of 2015 December 21,2015 --Just before recessing for the holidays, the House and Senate passed the Protecting Americans from Tax Hikes (PATH) Act of 2015. The Act does considerably more than the typical tax extenders legislation seen in prior years. It makes [...]

2018-06-11T20:38:13+00:00 Tax Matters|

Department of Labor Update, May 25, 2016

Department of Labor Update, May 25, 2016 You may have heard that last week the U.S Department of Labor updated their regulations regarding overtime pay and classification of employees as exempt or non-exempt.  An employer is not required to pay overtime to exempt employees, but is required [...]

2018-06-11T20:36:50+00:00 Tax Matters|

Should You Pay Summer Interns?

Should You Pay Summer Interns? Each year, many companies—large and small—offer summer internships. The interns are frequently college students between academic years, and they usually are unpaid. Recently, such arrangements have come under fire from those contending interns should be put on the payroll.The advantages of unpaid internships are [...]

2018-06-11T20:35:15+00:00 Tax Matters|

Planning for Today’s Pensions

Planning for Today’s Pensions Some observers have commented that few private sector workers can look forward to pensions after retirement. The traditional pension, a lifelong stream of income to a retiree and perhaps a surviving spouse, is becoming a rarity for those who are not long-term government [...]

2018-06-11T20:30:31+00:00 Tax Matters|

Drawing Down Your Retirement

Drawing Down Your Retirement Drawing Down Your Portfolio in Retirement Retirees often need money from their investment portfolio, especially 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 [...]

2018-06-11T20:26:19+00:00 Tax Matters|

Year End Planning 2016

Year End Planning 2016 Year End Tax Planning Highlights Changes to the Deductibility of Medical Expenses for Seniors Beginning with 2017 returns due in 2018, the threshold for deducting medical costs on Schedule A “Itemized Deductions” jumps to 10% of adjusted gross income (AGI) for taxpayers who [...]

2018-06-11T20:24:32+00:00 Tax Matters|

Post Election Policy Update

Post Election Policy Update Any change in Presidential Administration brings the possibility, indeed the likelihood, of tax law changes and the election of Donald Trump as the 45th President of the United States is no exception. During the campaign, President-elect Trump outlined a number of tax proposals [...]

2018-06-11T20:18:54+00:00 Tax Matters|

2017 Tax Planning Guide

2017 Tax Planning Guide Tax planning has always been important. For 2017, the story is no different. If your goal is to reduce your income tax burden, effective tax planning can help. And the sooner you begin, the more time you’ll have to look at your situation [...]

2018-06-11T20:17:05+00:00 Tax Matters|