Vig Accounting Inc

03/04/2020

We have a great deal for our clients both new and old!

03/02/2020

"Tax season is here, and we have made replacing your annual Benefit Statement even easier..."

Find out how to see your Benefits in this article written by Social Security spokesperson Nicole Tiggemann.

02/28/2020

"Last year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year’s season is expected to be more sedate, there are a few tweaks to be aware of."

It’s that time again.

02/26/2020

"The cost basis of stock you received as a gift ("gifted stock") is determined by the giver's original cost basis and the fair market value (FMV) of the stock at the time you received the gift..."

The cost basis of stock you received as a gift ("gifted stock") is determined by the giver's original cost basis and the fair market value (FMV) of the stock at the time you received the gift. If the FMV when you received the gift was more the original cost basis, use the original cost basis when y....

02/24/2020

"Are there income limits to contribute to an IRA?
Are there age limits to contribute to an IRA?
How much can I contribute to my IRA?"..
-> Answers to these questions and more at the link below!

RA rules include everything from the income limits to tax implications. Fidelity breaks down these questions and gives insight on IRA rules.

02/22/2020

"Your family dynamic will determine how much the Tax Cuts and Jobs Act affects your taxes. Here is a list of family-related tax law changes that may impact your tax return."

The Tax Cuts and Jobs Act will affect all taxpayers, especially those who claim dependents. Here are 7 tax law changes that could impact families in 2019.

02/21/2020

"When you aren’t allowed to contribute to a Roth IRA because your income is too high, there’s still a backdoor. It takes some effort but it’s worth it."

A step-by-step tutorial for how to do a backdoor Roth IRA, including links to articles on how to report it on the tax return.

02/19/2020

"The Tax Cuts and Jobs Act of 2017 was touted as the largest tax overhaul in 30 years, but the Trump tax cuts were a mixed bag for some households. While the standard deduction nearly doubled and the child tax credit increased, many other deductions and credits were eliminated."

The Trump tax cuts mean you won't be able to take advantage of these now-extinct deductions.

11/10/2019

It will be here before you know it! Remember Vig Accounting is here for you!

11/07/2019

Have you ever heard the phrase Money down the drain? I know my parents used to say this phrase when we were growing up. We think the Importance of Money Management can really help you to live the life you have always wanted. What would you do with extra money every week? via: https://bit.ly/2zC4eGr

11/06/2019

I think we can agree we all need this article: How to Save Money: Daily, Monthly and Long Term. Who doesn't need extra money in their savings?