Tax Newsletter – May 2015

The HoganTaylor LLP Tax Team is excited to present the May 2015 edition of our eNewsletter. Our newsletter is designed to help you keep up with the latest tax issues.

We’ve designed the newsletter to be read in quick chunks — knowing that leisurely reading time is a luxury for most of you. We’ll also always have the content on our site so that you can refer to it later.

As always, please do not hesitate to contact a member of the HoganTaylor Tax Team with any questions you may have regarding these subjects. Additionally, we welcome any thoughts or ideas you may have for future newsletter topics.

In This Issue:

What Lower Oil Prices Mean to Your Company

As of this writing, crude oil sells for around $60 a barrel, down from over $100 in mid-2014. The last time oil prices were (briefly) this low was at the start of 2009, at the nadir of the financial crisis. Lower oil prices have driven down the cost of gasoline by nearly 40%, to around $2 a gallon, while home heating oil fell by more than 30% this past winter, to less than $3 a gallon. Read More

Holding Stocks in Retirement Accounts

The stock market goes up and, as we’ve learned, it goes down. Despite the volatility, stocks have been excellent long-term investments for many decades, and there’s no reason to think that the future will be different. Regular investing in equities, through bull and bear markets, probably should be part of your strategy for building an investment portfolio you can tap in retirement. Read More

Finding a Low-Tax State

Many people today are not tethered to a job location, so they can choose where to live. Those in this category range from retiring Baby Boomers, ready to relocate, to new graduates about to enter the work force. Others who can pick their place of residence include certain self-employed individuals and people who are employed but able to work remotely, thanks to today’s technology. Read More

Four Months Past Expiration

Last December, Congress extended certain tax provisions retroactively from January 1, 2014 through December 31, 2014. We don’t know if the late December activity will happen again. As a reminder, we have drafted a list of provisions that expired December 31, 2014. Read More

Tax Calendar

Find out what tax deadlines are approaching in June of 2015. Read More