May 2022 - Rausa, Barlotta & Associates, PA

Partners May Have To Report More Income On Tax Returns Than They Receive In Cash

May 27, 2022

Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more partnership income than was distributed to you from the [...]

IRA Charitable Donations: An Alternative To Taxable Required Distributions

May 19, 2022

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an IRS-approved charity [...]

Inflation Enhances The 2023 Amounts For Health Savings Accounts

May 13, 2022

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more [...]