Recent News
30
Nov
DOL Overtime Rule on Hold
For the past few months, Faw Casson has brought you news regarding the Department of Labor...
17
Oct
Seven Tax Moves for 2016
The national elections will surely impact personal taxes for years to come, yet it’s unlikely that a lame-duck Congress will endorse changes that will significantly impact tax planni...
8
Sep
Estate Planning Ideas for Blended Families
In this day and age, it is not unusual for a spouse, children and grandchildren from a second or even third marriage to form a so-called blended family. But these additions to the clan can...
16
Aug
Seven Tax Moves in the Summertime
Although summer is traditionally the time for rest and relaxation, you can still “work on” your 2016 tax bill. What’s more, special tax incentives for individuals and sma...
24
May
Overtime Final Rule: What you need to know
The Fair Labor Standards Act (FLSA) received a major revamp from the Department of Labor May 18, 2016.  As a result of the Final Rule o...
19
May
Can you deduct losses after a fire, theft, or other loss?

If you ever suffer damage to your hom...

20
Apr
Why it’s time to start tax planning for 2016
Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside...
4
Apr
The Research Credit is Back for Good
Like Arnold Schwarzenegger’s character in The Terminator, the research credit is back. This valuable tax break, which had officially expired and been res...
29
Mar
Entrepreneurs: What can you deduct and when?
Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers and ...
24
Mar
2 benefits-related tax credits just for small businesses

Tax credits reduce tax liability doll...

21
Mar
IRS Reporting New Phone Scam
The IRS is reporting a new wave of phone calls where the caller is misrepresenting themselves as IRS agents attempting to collect personal information from taxpayers....
16
Mar
3 income-tax-smart gifting strategies

If your 2015 tax liability is higher ...

8
Mar
Make a 2015 contribution to an IRA before time runs out

Tax-advantaged retirement plans allow...

25
Feb
What’s your charitable donation deduction?
When it comes to deducting charitable gifts, all donations are not created equal. As you file your 2015 return and plan your charitable giving for 201...
6
Jan
2 extended credits can save businesses taxes on their 2015 returns

The Protecting Americans from Tax Hik...

3
Jan
No changes to retirement plan contributions for 2016
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, the limits remain unchanged for 2016:
8
Dec
Large Employers Must Provide Employees with Form 1095-C
With the implementation of the American Health Act, there are many things business owners need to be aware of now.  One of those is a new filing requirement: Form 1095-C.  This f...
15
Sep
Seven Tax Moves to Make at Midyear
The summer is not just the season for recreation and relaxation. It can also be the time to reduce your 2015 tax liability. Here are seven prime examples for i...
24
Jul
How Does the 3.8% Net Investment Income Surtax Work?
Some taxpayers may be struggling with understanding the rules for the 3.8% surtax on net investment income (NII). The tax law provision authorizing this surtax...
20
Jul
Quickbooks Scams Circulating
Another reason to remain vigilant regarding whom you're giving your information to - new versions of Quickbooks scams have recently been reported.  
 
On...
7
Jul
Do you know what your donation is being used for?
If you donate your vehicle, the value of your deduction can vary greatly depending on what the charity does with it. You can deduct the vehicle’s fair market va...
22
May
Maryland “Double-Tax Law” Struck Down by Supreme Court
In a win for Maryland residents that are working in other states, the Supreme Court struck down a Maryland tax law that, in essence, has been double-taxing those residents that are employe...
4
May
Got ISOs? You need to understand their tax treatment.
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on the grant date. If the stock appreciat...
31
Mar
Still filing a paper return? Be sure you understand the “timely mailed = timely filed” rule
The IRS considers a paper return that's due April 15 to be timely filed if it's postmarked by midnight on April 15. But dropping your return in a mailbox on the 15th may not be sufficient. ...
30
Mar
Vote for your favorite local business
We love local businesses here at Faw Casson. Do you have a favorite? Visit http://www.wdov.com/contests/faw-casson-local-business-of-the-week/364395 now and vote for your favorite local business. One...
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