May 15, 2018

Hiring your Child is Even Better with the New Tax Law – By John R. Bullis

Maybe Congress realized what they did when they increased the Standard Deduction for single folks to $12,000 for year 2018 ($24,000 for joint returns). But now […]
February 20, 2018

Innocent Spouse Relief is not Always Granted – By John R. Bullis

Mindy Lessard was married to Mr. Tomko in 2013 and they filed a joint tax return. However, two items of income were not reported on the […]
September 19, 2017

Health Savings Account Briefly Explained – By John R. Bullis

The Health Savings Account is a wonderful thing! Contributions (that are qualified, or allowed) are an income tax deduction on page 1 of form 1040, whether […]
September 12, 2017

Non Tax Estate Planning – By John R. Bullis

Of course Estate Planning is done to minimize taxes and be sure the financial matters are done as desired. However, the planning for other than taxes […]
August 15, 2017

What if My Stock Investment is Worthless – By John R. Bullis

Once in a while a stock or bond you bought has big problems and becomes worthless. A security (stock or bond) that becomes worthless during the […]
August 1, 2017

Your Surprise IRA Beneficiary – By John R. Bullis

Saving for your retirement and possible bequest to family and friends is good to do! Many folks have an Individual Retirement Account (IRA) that is a […]
July 25, 2017

Gift Tax Rules – By John R. Bullis

IRS form 709, U.S. Gift Tax Return, is used to report major gifts done in the year.  The return is due the following April 15th but […]
July 18, 2017

New Death Tax “Portability” Rules – By John R. Bullis

Every person has a death tax allowance or exemption of $5,490,000 this year.  If you die with total assets (net of any debts or liabilities) of […]
July 11, 2017

Let’s Think About Funerals – By John R. Bullis

First a little background.  One of my grandfathers started a mortuary in Hardin, Montana just over a hundred years ago.  It is still run by family, […]