“RICH” FOLKS PAID MORE TAX IN 2013 By John R. Bullis

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Some high earning individuals were surprised when they got their 2013 Individual Income Tax Return. They paid more taxes in 2013 than they did on the same income in 2012. Several different tax laws caused the higher federal income taxes. The Itemized Deductions on Schedule A of form 1040 were reduced if single individuals had more than $250,000 of total …

Foreign Bank Accounts… SCARY!

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I would bet that most of you have heard all kinds of advice from friends about how to hide assets from the U.S. Government.  Funny thing about “free advice” is that it usually isn’t very good. Gather around the campfire folks while I tell you the scary story of FINCEN.  (That’s short for Financial Crimes Enforcement Network.) To put it …

Remembering Bob Huston

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BY Kelly: Bob was a great man!  He loved his family very much.  They were his pride and joy!  He had pictures of them, especially his grandchildren in his office, talked about them often, and looked forward to spending time with each of them whenever possible. We at Bullis and Company CPAs were an extended part of Bob’s “family.”  We …