Joseph M. Dowling, CPA

04/12/2018

Visited the construction site a few minutes ago. Ready for the sheetrock and doors this coming week. Then the big deal of creating access "naturally" without ramps. I'm looking forward to that and then the appliances and hardware. Not far from moving in.

04/04/2018

05/14/2015

Social Security Benefits... there are more of them than you think! http://ow.ly/MWxuc

Thu14 Social Security Benefits Almost everyone is familiar with Social Security as almost everyone has worked, received a paycheck, and had part of...

01/20/2015

Searching for a new job can be tax deductible, but there are rules to be aware of before beginning a search. http://ow.ly/HD3Ut

Tue20 Job Search Expenses Finding a job can be a difficult task. It also can be very expensive; one needs a well-written résumé, interview skills,...

01/13/2015

In the event of the death of a spouse with an IRA, make sure their final RMD is paid out to avoid a costly penalty. http://ow.ly/Hfqkr

Tue13 Inherited IRAs: Death of a Spouse In the event of the death of a spouse, a required minimum distribution (RMD) must be paid to the original...

01/05/2015

Inherited IRAs can provide cash flow throughout a beneficiary's life, if one knows how to plan their estate for it. http://ow.ly/GPLOe

Mon05 Inherited IRAs: Estate Planning If you have a traditional individual retirement account (IRA), it may be worthwhile to name one of your...

12/31/2014

Deferring a 1st required minimum distribution from your IRA? Make sure you know that this doesn't affect future RMDs. http://ow.ly/GDQCb

Wed31 Deferring Required Minimum IRA Distributions A required minimum distribution, or RMD, is a distribution that is required to be taken from an...

12/23/2014

Have a hobby you want to report on Schedule C? The IRS has strict guidelines for reporting a hobby as a business. http://ow.ly/GldPg

Tue23 Hobby or a Business Most of us have some sort of hobby. Ideally, it would be nice if the IRS considered that your hobby was also a business,...

12/02/2014

Several tax statutes are awaiting extensions, and these extenders may affect your 2014 tax liability. http://ow.ly/FdJYn

Tue02 Expired Tax Extenders Many tax laws remain to be considered to determine which shall be extended. Some deductions therefore may not be...

11/18/2014

If you make a non-cash donation to a charitable organization, make sure you have the substantiation to prove it. http://ow.ly/EsJhb

Tue18 Substantiation of Noncash Donations Have you made a non-cash donation of items to a charitable organization? It is possible that your...

09/16/2014

Claim your subsidies! Premium Tax Credit and 2014 Income Tax Refunds. http://ow.ly/BzP4D

Tue16 Premium Tax Credit One of the new provisions in the Affordable Care Act is the premium tax credit, which is a refundable tax credit available...

09/02/2014

Common misconceptions about the Principal Residence (Section 121) exclusion. http://ow.ly/AYToI

Tue02 Section 121 Exclusion The section 121 exclusion, commonly referred to as the principal residence exclusion, allows taxpayers to exclude up to...