For children with unearned income, the change made with the Tax Cuts and Jobs Act of 2017 to the calculation of tax on that income, the so-called “kiddie tax”, has…
With the passage of the SECURE ACT, various requirements for contributions to and distributions from an IRA have changed. Please contact our office for a discussion of how these new…
Beginning January 1, 2020, the standard mileage rates for use of a car, van, pickup or panel truck are; 57.5 cents per mile for business miles driven, down 0.5 cents…
Beginning January 1, 2019, the standard mileage rates for use of a car, van, pickup or panel truck are; 58.0 cents per mile for business miles driven, up 3.5 cents…
Beginning January 1, 2018, the standard mileage rates for use of a car, van, pickup or panel truck are; 54.5 cents per mile for business miles driven, up 1 cent…
Tax Time and the Health Care Law: The individual shared responsibility provision requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or…
For tax years beginning January 1st, 2013, the tax law imposes a 3.8 percent surtax on certain passive investment income of individuals, trusts and estates. For individuals, the amount subject…

Accounting

IFS is a professional accounting firm which is dedicated to maintaining the highest standards of financial management and reporting. We are on constant guard to ensure that our clients use the complex tax code to their best advantage, as well as eliminating potential tax pitfalls.

 

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Income Tax Prep

The complexity of the current tax code demands the experience and knowledge of a tax professional when preparing business and personal income tax returns. Our CPAs and tax professionals at IFS are dedicated to legally and appropriately minimizing tax liabilities for our clients.

 

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Financial Planning

Whether you are conservative or aggressive in your approach to financial management, IFS’s team can help you make the right moves, at the right times, with the right resources. Our financial planning services take every aspect of your financial landscape into account and devise the most appropriate scenarios for your review prior to moving forward.

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