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Tax Planning

  • Breaking Down the CARES Act

    By Katie Seay on Apr 03, 2020

    CARES Act Provides Relief to Individuals and Businesses On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency…

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  • 2020 Federal Tax Deadline Postponed

    By The Trust Company on Mar 25, 2020

    Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by…

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  • Maximizing Charitable Gifts

    By Lucy Williams on Jun 13, 2019

    When we think of charitable giving, it usually means writing a check to a charity, taking whatever tax deduction is allowed, and…

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  • What to Know Before Becoming Self Employed

    By The Trust Company on Feb 03, 2017

    Being self-employed has many advantages — the opportunity to be your own boss and come and go as you please, for example. However,…

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  • Key Retirement and Tax Numbers for 2017

    By Polly Reynolds on Jan 05, 2017

    KEY RETIREMENT AND TAX NUMBERS FOR 2017 Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans, thresholds for deductions…

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  • Gifting, Gift-Tax-Free

    By Katie Seay on Dec 09, 2016

    With the end of the year fast approaching, we are all in the hustle and bustle of holiday shopping, parties and the general busyness that seems to always accompany the holiday season. This is also a…

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  • Client Alert

    By The Trust Company on Jan 27, 2016

    2015 Tax Information Delayed The IRS requires that Forms 1099-INT, DIV & B be mailed to clients by January 31. Unfortunately, we are still waiting on several mutual fund companies to provide us…

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  • The IRA Charitable Transfer: Now Permanent!

    By The Trust Company on Dec 21, 2015

    We have been waiting with bated breath for news on whether Congress would extend a tax break for certain charitable donations of IRA…

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  • Social Security Alert

    By Katie Seay on Nov 04, 2015

    As you may have seen, the recently passed Bipartisan Budget Act of 2015 extends the nation's debt limit through 2017. The agreement also includes provisions that close perceived "loopholes" in the…

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  • Timely Tax Tips

    By The Trust Company on Oct 16, 2015

    Maximize your savings with these year-end strategies Does tax season always seem to creep up on you, year after year? Few of us…

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