The Thomas Howell Ferguson Blog

Words Count

Subscribe to our newsletter


By submitting this form, you are granting: Thomas Howell Ferguson P.A. CPAs, 2615 Centennial Boulevard #200, Tallahassee, FL, 32308, permission to email you. You may unsubscribe via the link found at the bottom of every email. (See our Email Privacy Policy (http://constantcontact.com/legal/privacy-statement) for details.) Emails are serviced by Constant Contact.

5 Things to Know to Avoid Surprises at Tax Time

The federal income tax is a pay-as-you-go system. Employers generally withhold tax from workers’ wages; however, taxpayers often have taxes withheld from certain other income including pensions, bonuses, commissions, and gambling winnings. Individuals who do not pay tax withholding, like the self-employed, as well as those who earn income such as dividends, interest, capital gains, […]

Read More…

Tips to Keep in Mind When Selling a Home

Homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home. Here are some tips to keep in mind when selling your home:   Gain.  If there is a gain from the sale of the main home, the homeowner may be able to exclude up […]

Read More…

Tips on How to Reconstruct Records After a Hurricane

If you’re a victim of a natural disaster, you may need to reconstruct records to prove your losses for insurance purposes. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. Here are 11 tips  to help you reconstruct your records: To establish the extent of the damage, you should take […]

Read More…

Tap into Cash & Defer the Tax-Installment Sales

When qualifying property is sold and payments are received in the year of sale, the installment sale method of accounting for the transaction is available. Under the installment method, a portion of a gain resulting from the sale is reported as each payment is received. Each payment will generally consist of three parts: gain on […]

Read More…