Ong & Company Blog

Client Spotlight: True Health PA

Nick Ong / December 05, 2016 /

Client Spotlight

True Health PA is taking an innovative approach to healthcare in the Kansas City metro area through an integrated model of medical, physical rehab, and chiropractic services to help patients get well ...

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2016 Year-End Tax Planning Letter

Nick Ong / December 02, 2016 /

Tax Planning

Dear Clients and Friends, As 2016 winds down, a lame-duck Congress is unlikely to take action on tax legislation. The pace of activity may change next year, with a new Administration and ongoing talk ...

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Flexible Spending Account Deadlines

Richard Ong / December 02, 2016 /

Flexible Spending Accounts

As the year-end holidays approach, it may be time to empty out your health flexible spending account (FSA). Here's an overview of the tax rules for these accounts....

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IRS Tax Collectors

Richard Ong / November 29, 2016 /

Tax Debt

The IRS isn't giving up its job as the nation's tax collection agency, but it is farming out some of the work. Starting this spring, four private contractors will begin helping collect delinquent tax ...

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Kick-start Deductions for a New Business

Nick Ong / November 18, 2016 /

Starting a New Business

Are you launching a new business venture? If so, you've probably spent money getting ready to open your doors. Normally, you're required to amortize these "startup" costs over a period of 180 months, ...

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Harvesting Tax Losses

Richard Ong / November 11, 2016 /

Tax Planning

From a tax planning perspective, the end of the year is the "season of the harvest" for capital gains. Harvesting means you analyze your portfolio, determine your tax situation, and select investment ...

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Tax Choices for Natural Disasters

Richard Ong / November 04, 2016 /

Tax Planning

As you begin the process of recovering from a natural disaster, you'll eventually have some tax decisions to make. One of them includes when to claim the deduction for the loss on your federal income ...

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Client Spotlight: Love to Travel

Nick Ong / November 01, 2016 /

Client Spotlight

Life is good at the beach house for Overland Park based travel agency, Love to Travel, as they continue to rack up awards in the travel industry. Kim and Dave Cook recently traveled back to the ...

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Letter From The IRS?

Richard Ong / October 28, 2016 /

Tax Representation

Have you received an IRS notice? If you want help responding, you may need to grant authorization so the IRS can discuss the matter with a representative of your choice. That's because your tax ...

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IRA Required Minimum Distribution Options

Richard Ong / October 24, 2016 /

Retirement Savings

Are you over age 70½? Do you own a traditional IRA? You may need to take a required minimum distribution from your account before year-end. If you don't need the income yet, you may be wishing you ...

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