Archive for the ‘Tax Services’ Category

Tuesday 05/21/2019

Turn that Charitable Donation into a Deduction through your IRA

Required to take an IRA distribution?  Like to be charitable? A popular way to transfer IRA assets to charity is via a tax provision which allows IRA owners who are 701/2 or older to direct up to $100,000 per year of their IRA distributions to charity. These distributions are known as qualified charitable distributions, or […]

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Thursday 01/31/2019

What Is Estimated Tax and Whom Does It Apply To?

Rob O’Neil is a manager in the tax department. Estimated tax payments are a  method of paying tax on income that is not subject to withholding tax. This includes income from self- employment, business earnings, interest, rent, dividends and other resources. The IRS generally requires estimated tax to be paid in four equal installment payments […]

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Thursday 01/24/2019

Tax Considerations for Newlyweds

Gwyn Broski is a supervisor in the tax department at Corrigan Krause. Marriage is an exciting time for couples however, along with most life changes; your tax situation also changes. It is important to understand basic tax considerations and consequences for newlyweds. This article explains some of the changes that will affect your tax filings […]

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Thursday 01/10/2019

Navigating the Alternative Minimum Tax (AMT)

Ryan Slenicka is a supervisor in the tax department at Corrigan Krause. The Tax Cuts and Jobs Act of 2017 brought forth many changes to tax laws, including the elimination of the alternative minimum tax (AMT) for c-corporations beginning in 2018. However, AMT has not been eliminated for individuals. This post will focus on pass […]

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Thursday 11/29/2018

Individual Year-End Tax Planning Reminders

Chris Eichmuller, CPA is a senior manager at Corrigan Krause.  December came fast and the end of the year is quickly approaching. Questions are still looming about how tax reform will impact both individuals and business but it’s not too late to make tax planning moves to improve your tax situation for 2018. Here’s what […]

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