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Thursday, March 14, 2019

The 2018 gift tax return deadline is almost here Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return...

 

Thursday, March 7, 2019

Vehicle-expense deduction ins and outs for individual taxpayers It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs...

 

Thursday, February 28, 2019

Careful tax planning required for incentive stock options Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you to buy company stock in the future at a...

 

Friday, February 22, 2019

Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized...

 

Friday, February 15, 2019

3 big TCJA changes affecting 2018 individual tax returns and beyond When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and...

 

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Tuesday, February 5, 2019

Why you shouldn’t wait to file your 2018 income tax return The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year...

 

Tuesday, January 29, 2019

Investment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefit As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One...

 

Tuesday, January 22, 2019

There’s still time to get substantiation for 2018 donations If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations....

 

Tuesday, January 15, 2019

What will your marginal income tax rate be? While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations of certain...

 

Tuesday, January 8, 2019

2 major tax law changes for individuals in 2019 While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under the act for 2019....

 

Wednesday, January 2, 2019

A review of significant TCJA provisions impacting individual taxpayers Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But it’s smart to begin preparing for filing your...

 

Monday, December 24, 2018

Year-end tax and financial to-do list for individuals With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible...

 

Monday, December 17, 2018

 

Tuesday, December 11, 2018

Check deductibility before making year-end charitable gifts As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a year-end tax planning strategy....

 

Tuesday, November 6, 2018

If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA) could also have an impact. Wins and taxable income You must report...

 

Tuesday, July 31, 2018

If you received a large refund after filing your 2017 income tax return, you’re probably enjoying the influx of cash. But a large refund isn’t all positive.

 

Tuesday, July 10, 2018

With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be hoping to not think about taxes for the next several months.

 

Tuesday, May 8, 2018

Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions.

 

Tuesday, February 20, 2018

The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the April 17 filing deadline, or even the extended deadline of October 15.

 

Tuesday, February 6, 2018

On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years. Commonly called the “Tax Cuts and Jobs Act” (TCJA), the new law means substantial changes for individual taxpayers.

 

Tuesday, January 9, 2018

401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018.

 

Tuesday, December 19, 2017

The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2017 tax liability — you just must act by December 31.

 

Thursday, October 19, 2017

The 28th Annual Fall Craft & Antique Show is here! There will be a fun mix of handcrafts, holiday décor, re-purposed treasures and gourmet foods. There will be over 100 vendors that will fill the Northwest Washington Fair Expo...

 

Monday, September 25, 2017

Today is a very important day, indeed. It's National Comic Book Day! Did you know that our very own Gene Bell loves comic books? Some of his all time favorites are Hawkeye, Batman, Silver Surfer and Starman!

 

Monday, September 11, 2017

On September 11, 2017, and the days leading up to it, the nation will mark the anniversary of the 2001 terrorist attacks that rocked our country. As we reflect on that moment in our history, we will honor the victims, first responders,...

 

Friday, September 1, 2017

With Autumn making it's grand entrance soon, what better way to start off the season than by visiting our local Bellewood Acres? A local favorite, Bellewood Acres brings locals and out-of-town guests together each year.

 

Sunday, August 13, 2017

The Northwest Washington Fair is finally here! This is a 6 day event located in Lynden, WA. There are all kinds of entertainment for people of all ages, including fair rides, local food, draft horse competitions, craft displays, and...

 

Tuesday, August 1, 2017

A name change can have a huge impact on taxes. All the names on a taxpayer's tax return must match Social Security Administration records. A name mismatch can delay a tax refund. Here's what you should do to avoid the delay of filing your

 

Tuesday, July 18, 2017

Even though we are past the tax season and most of you have already completed your 2016 taxes, there are still scams you should be aware of this Summer. Scams continue to grow and claim victims, which is why we want to make sure you...

 

Tuesday, July 4, 2017

Independence Day is a day of family celebrations with picnics and barbecues, showing a great deal of emphasis on the American tradition of political freedom. Many people display the American flag outside their homes or businesses on...

 

Tuesday, June 13, 2017

Summer is right around the corner, and what better way to start off your by planning a vacation! Here are a few tips that could save you quite a few bucks, especially if you are on a tight budget. Choose a local location. The further...

 

Monday, May 29, 2017

Originally called Decoration Day, the last Monday of May is a day to remember those who have passed in service of the United States of America. Many people visit cemeteries and memorials to remember their lost loved ones. It is...

 

Tuesday, May 2, 2017

Local Spring Activities

 

Tuesday, February 14, 2017

Valentine's Day Cookies!

 

Thursday, February 9, 2017

The New Year of 2017 has only just begun, and we are already in the depths of tax season. The tax filing season officially began on January 23rd. Where on earth did all the time go? The year of 2016 quickly passed us by, and here we...

 

Tuesday, January 10, 2017

Join Gene Bell & Associates and our community of colleagues and friends as we blog about financial wellness - with tips, insights, and a little humor. The Gene Bell & Associates Blog is where we will keep you updated with the newest...