Author Archives: Carol

Renting Out a Vacation Home Tax rules on rental income from second homes can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself. There is, however, one provision … Continue reading →

What to do if you haven’t filed a Tax Return Tuesday, April 18, 2017, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2016 tax return yet, don’t delay. There’s still time–and … Continue reading →

Estimated Tax Payments: Q & A Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, and rent, as well as gains from the sale … Continue reading →

Last Minute Filing Tips for 2016 Tax Returns Are you one of the millions of Americans who hasn’t filed (or even started) your taxes yet? With the April 18 tax filing deadline quickly approaching, here is some last minute tax … Continue reading →

Should you File an Extension on your Tax Return? If you’ve been procrastinating when it comes to preparing and filing your tax return this year you might be considering filing an extension. While obtaining a 6-month extension to file is … Continue reading →

McAtee & Associates, CPAs   Whether you are self-employed or an employee, if you use a vehicle for business, you get the benefit of tax deductions… Deducting Business-Related Vehicle Expenses Ordinarily, expenses related to use of a car, van, pickup … Continue reading →

McAtee & Associates, CPAs   Are you one of the millions of Americans who hasn’t filed (or even started) your taxes yet? With the April 18th tax filing deadline quickly approaching, here is some last minute tax advice for you… … Continue reading →

McAtee & Associates, CPAs This week, we are sharing the highlights of the Cost of Living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017 …               Retirement Contributions Limits for 2017 … Continue reading →

McAtee & Associates, CPAS Attention business owners…Whether you file as a corporation or sole proprietor, in this post we want to share the basics you need to keep in mind about tax changes for 2016…               2016 Recap: Tax … Continue reading →