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Archives for March 2016

What You Need to Know about Health Savings Accounts in 2016

March 15, 2016 by Onlyfordentists

There is very little that is certain in life, but one thing you can count on is tax changes when a new year begins. That’s true for Health Savings Accounts, (HSA), as well. The IRS put out new guidelines for 2016 that you’ll need to know as they will affect how you may want to […]

Filed Under: Taxes

Why Foreign Bank Account Violations are Ultra Expensive

March 10, 2016 by Onlyfordentists

If you have a foreign bank account that has not been reported to the IRS, then you could be facing serious civil penalties and even criminal penalties. These penalties fall under the Foreign Bank Account Report, (FBAR) violations. First, it is important to determine if you are required to report your foreign bank account. It […]

Filed Under: Uncategorized

Are You Claiming All of Your Tax-Deductible Business Expenses for 2015?

March 4, 2016 by Onlyfordentists

Haven’t completed your 2015 taxes yet? You’re cutting it close. Don’t short-change yourself on business expenses, though. If you’ve been in business for several years, you have a pretty good idea of what expenses can be claimed on your income taxes. But even if you think you know or you’re filing a business return for […]

Filed Under: Taxes

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