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Timothy P. McKee, CPA

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Parma, OH
Timothy P. McKee, CPA

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I am a CPA, with a Personal Financial Specialist credential, a RamseyTrusted Tax Pro and a Ramsey Master Financial Coach.

10/30/2026

In general, the deduction for moving expenses has been permanently suspended. The similar exclusion for qualified moving expense reimbursement has also been permanently suspended. However, both provisions may still be available for a member of the U.S. armed forces on active duty who moves pursuant....

10/29/2026

A 401(k) plan is one of the best ways to save for retirement.

10/28/2026

This is something not to miss!

10/28/2026

Does Q-tip bring to mind cotton swabs?

It's something bigger in the context of federal estate and gift tax.

A qualified terminable interest property (QTIP) trust is a type of marital trust used most often with a bypass trust to maximize the use of both spouses' applicable exclusion amounts (the amount that can be sheltered from federal gift and estate tax by the unified credit).

Perhaps more importantly, the first spouse to die can specify in the trust instrument to whom the assets in the trust will pass at the death of the surviving spouse.

Read more below.

A qualified terminable interest property (QTIP) trust is a type of marital trust used most often with a bypass trust to maximize the use of both spouses' applicable exclusion amounts (the amount that can be sheltered from federal gift and estate tax by the unified credit). Perhaps more importantly,....

10/27/2026

Retirement accounts can be important tools to help individuals save for retirement.

10/26/2026

The federal government provides tax relief to qualifying individuals in the form of tax credits. Tax credits are valuable because they are dollar-for-dollar reductions of your tax liability. In some cases, they may result in tax refunds. In general, the rules regarding tax credits are the same for m...

10/23/2026

One way to transfer your business is to recapitalize (in a tax-free reorganization) the existing common stock of the company into two classes of stock — voting and nonvoting stock.

10/22/2026

The general rule is that spouses are not responsible for each other's debts.

10/21/2026

Where will it all go when you are gone?

They say you can't take it with you. What they mean is that when you die, you leave all your property behind.

Read more below.

They say you can't take it with you. What they mean is that when you die, you leave all your property behind. After your death, your property is divided into two general categories: (1) probate property and (2) nonprobate property. Probate property is all the property that is passed to your benefici...

10/20/2026

For retirement plan sponsors, benchmarking has become a familiar fiduciary exercise. However, in many cases, the process is still too narrow — focused on one line item, one provider quote, or one investment expense ratio.

Address

1013 Rockside Road, Suite C
Parma, OH
44134

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	9am - 5pm

Telephone

+14123090679

Website

https://mckee.cpa/

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