Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial … [Read more...]
Tax Returns: Should You File an Extension?
April 6, 2023 by Jennifer Lownsbury
Obtaining a six-month extension to file is relatively easy, and there are legitimate reasons for doing so. Here's what you need to know about extensions. What … [Read more...]
Do your loved ones a favor by creating a “road map” to your estate plan
March 30, 2023 by Stacey Seviola
No matter how much effort you’ve invested in crafting an estate plan, your will, trusts and other official documents may not be enough. Consider also drafting a … [Read more...]
Understanding the Gift Giving Tax
March 27, 2023 by Jim Rudnick
In an effort to keep taxpayers from transferring wealth from one generation to the next tax-free, there are specific limits to the amount of gifts one may give … [Read more...]
David Meyer Promoted
March 13, 2023
David Meyer was recently promoted to Senior Governmental Accountant. He joined CDS in 2019 as a Governmental Accountant. David graduated from Southwest … [Read more...]
The Tax-Free Retirement Savings Option: Is a Roth IRA right for you?
March 3, 2023 by Brett Aamot
If you are looking for tax-free income and more flexibility during retirement, perhaps you should look into investing in a Roth IRA. While Roth IRA … [Read more...]
Stop the Clock: Your most important defense against an audit
March 2, 2023 by Jim Rudnick
In a tax court decision, a judge ruled that a joint tax return not signed by both spouses is not a validly filed tax return.* This seems like a simple ruling … [Read more...]
Have you recently reviewed your life insurance needs?
March 2, 2023 by Larry Stulen
Once upon a time, life insurance played a much larger part in an estate plan than it does now. Why? Families would use life insurance payouts to pay estate … [Read more...]
To file or not to file a gift tax return, that is the question
February 23, 2023 by Stacey Seviola
If you made gifts last year you may be wondering if you need to file a gift tax return. The short answer: There are many situations when it’s necessary (or … [Read more...]
