By Beau RuffAt death, there is a little-known tax benefit that the federal government provides. It is an adjustment to tax basis and it can have a profound effect on the taxation of the assets owned at death. This column discusses two kinds of taxes that apply at death: the...
As 2018 ushers in changes to the United States tax code, many Tri-City business leaders are trying to wrap their head around what it means and how it will affect their companies.The bill was signed by President Trump just before Christmas and is the first major change to the tax...
Tri-City tax professionals are boning up on the new tax code as they prepare for the start of the 2017 tax filing season. Michelle L. BoddySigned into law just before the end of the year, the changes mark the first major reform of the tax code since the mid 1980s....
By Beau RuffCharities and nonprofits need good people who are willing to donate time and energy to make sure the enterprise is running efficiently and doing good deeds. So, they seek out volunteers who are willing to devote time and energy to serve on the board and help to oversee...
As the tax filing season approaches, the Internal Revenue Service is reminding taxpayers to start thinking about who will prepare their federal tax returns.In 2017, more than 132 million individual and family tax returns were e-filed, the most accurate, safest and easiest way to file, according to the agency.More than...
For many Americans, tax season comes with spring.But for Ty Schatz, a certified public accountant with Michels & Schilperoot PS Inc. in Sunnyside, the season kicks off in mid-November.“Clients want to know where they stand tax-wise and what could be done prior to year-end to reduce their tax bill,” he...
Many people in the Mid-Columbia region donate to their favorite charities, especially during the holiday season.It feels good to help the less fortunate.But why not help yourself too by getting tax credits for giving?Darren Szendre, a certified public accountant and owner of Tri-Cities Tax in Kennewick, believes in the spirit...
By Beau Ruff Beau Ruff,Cornerstone Wealth StrategiesEstate planning attorneys often remind their clients that laws change frequently and estate plans should be updated periodically to take into account not just changed family circumstances, but also new laws. And, sometimes a new law has such broad implication for estate planning that...
Washington state has the highest cellphone tax rate in the country.That’s according to a recent study by the Tax Foundation, a nonprofit independent tax policy research group based in Washington, D.C.Taxes and fees on wireless consumers increased to a record high of 18.6 percent of the average U.S. customer’s monthly...
Katie and Wayne Jackson were both first-generation college graduates, earning their degrees in education. They met at Southern University in Baton Rouge, La. and moved to the Northwest in 1968, when northern schools were seeking to integrate more African American teachers into their staff.[blockquote quote="Help everyone who walks through the...
