Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into […]
Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside any thought of taxes until year end is approaching. But don’t succumb. […]
Whether you filed your 2014 income tax return by the April 15 deadline or filed for an extension, you may think that it’s a good time to take a break […]
Before you put your 2014 federal income tax return in the virtual or physical file drawer, check for items that can affect your 2015 planning. Here are three. Capital loss […]
As the calendar turns over to a new year, updating your business tax planning will give you a head start on saving tax dollars. Here are three areas to review. […]
If you’re an executive or other key employee, you might be compensated with more than just salary, fringe benefits and bonuses: You might also be awarded stock-based compensation, such as […]
What are your plans for the dog days of summer? Here’s a suggestion: Take advantage of the slower pace to begin tax planning for your S corporation. Compensation. Start by making […]
A taxable sale of a business might be structured as an installment sale if the buyer lacks sufficient cash or pays a contingent amount based on the business’s performance. An […]
First and foremost, don’t take a lump-sum distribution from your old employer’s retirement plan. It generally will be taxable and, if you’re under age 59½, subject to a 10% early-withdrawal […]
Key provisions of the Affordable Care Act (ACA) have changed several times since late last year. Most notable was the delay in the employer mandate until Jan. 1, 2015, giving […]