Posts Categorized: Newsletter

Sally Lindberg & Associates February 2019 Newsletter

Retirement Distributions Retirement distributions are made for a variety of reasons. Depending on the facts, the result can be anywhere from a tax-free distribution to inclusion in income and additional penalties. How can you determine the likely result? Social security benefits are either non-taxable or partially taxable. Depending on filing status and adjusted gross income,… Read more

Sally Lindberg & Associates January 2019 Newsletter

Due Diligence You may notice that your tax preparer is asking you a lot of additional questions this year. Why is that? The IRS identified several areas of concern for fraud and identity theft. A few years ago, they started requiring tax professionals to complete formalized due diligence for taxpayers who took the earned income… Read more

Sally Lindberg & Associates December 2018 Newsletter

Charitable Planning In 2017, Americans donated over $410 billion to charity. As 2018 closes, you may be considering your charitable giving. You can deduct charitable gifts of cash and property, plus deduct your charitable mileage (14¢ per mile). To be deductible, the contributions must go to a qualified organization. Contributions to individuals are never deductible…. Read more

Sally Lindberg & Associates July 2018 Newsletter

Important Tax Dates & Information Sept. 17, 2018 – Third-quarter estimated tax payments due Sept. 17, 2018 – Extended partnership and S corporation tax returns due Oct. 15, 2018 – Extended individual and C corporation tax returns due Tax Notes If you own a pass-through entity such as a partnership, S corporation, LLC or sole… Read more

Sally Lindberg & Associates August 2018 Newsletter

Important Tax Dates & Information Aug. 15, 2018 – Extended exempt organizations returns due Sept. 17, 2018 – Third-quarter estimated taxes due Sept. 17, 2018 – Extended partnerships and S corporations returns due Oct. 15, 2018 – Extended individual tax returns due Tax Notes The Tax Cuts and Jobs Act raised the Child Tax Credit… Read more