September 6, 2016

Reduce Medical Expenses for Elderly in 2017 By John R. Bullis

Another “sneaky” provision of the Affordable Care Act becomes effective Jan. 1, 2017.  For older folks (age 65 and older), in 2017 and later years, medical […]
September 6, 2016

Treasure Hunting for Memories and Valuable Stuff – By Kelly J. Bullis, CPA

Well, it’s Labor Day Weekend.  My friend Laurie O’Bryne figured this would be a great opportunity to talk about a seemingly “laborious” task.  I’m talking about […]
August 9, 2016

Secret Tax Saving Trick with Retirement Account, By Kelly J. Bullis, CPA

How many of you love it when some smart person figures out a way to stick it to the IRS and win? Well here’s one.  If […]
July 26, 2016

Donate a Vehicle to Charity for a Tax Deduction – By John R. Bullis

If you are considering donation of your car, truck, boat or aircraft to a church or other charity, here are some of the tax rules you […]
June 28, 2016

Anger or Excitement Can Cause Financial Fraud for Elderly – By John R. Bullis

A new study from the Stanford Center on Longevity found that anger and excitement (known as “high arousal” emotions) can lead to risky decision making, especially […]
June 21, 2016

When Does a Hobby Become a Business by John R. Bullis

Income from a hobby is offset by expenses only to the extent of the income.  Further, the expenses are supposed to be claimed only as Itemized […]
June 13, 2016

The IRS is NOT calling! (part 2) By Kelly J. Bullis, CPA

The IRS is NOT calling! (part 2) I can’t believe it!  I just am sooo amazed at how scared most folks are of hearing the name […]
May 24, 2016

Helping Parents With Their Finances – By John R. Bullis

It is difficult to ask for help.  Sometimes the parents need to ask their children for assistance in handling financial matters. One of the most important […]
May 17, 2016

Avoiding the Penalty for Early IRA Distributions by John R. Bullis

The general rule is if you take a distribution from your traditional IRA before you have attained age 59 ½, there is a penalty of 10% […]