3 Mutual Fund Tax Hazards to Watch Out For
Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if […]
Why it’s Time to Start Tax Planning for 2016
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. […]
Current Payroll News and a Task to Complete in June
June is the end of the second quarter, and you’re no doubt gearing up for next month’s due date for your federal payroll tax returns. But you may also need […]
Combine Business Travel and a Family Vacation Without Losing Tax Benefits
Are you thinking about turning a business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if […]
4 Facts About the Section 199 Tax Deduction
The Section 199 deduction is often overlooked by business owners, perhaps because they’re not sure what it is. You may see it referred to as “the domestic production deduction,” or the […]
What’s Your Tax Bracket?
Do you know your tax bracket? Understanding what rate was assessed on the last dollar of taxable income on your 2015 federal income tax return can help with 2016 tax […]
Deduct Home Office Expenses — If You’re Eligible
Today it’s becoming more common to work from home. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. Eligibility requirements If […]
Section-by-Section Summary of the Proposed “Protecting Americans from Tax Hikes Act of 2015”
TITLE I – EXTENDERS Subtitle A –Permanent Extensions PART 1 – Tax Relief for Families and Individuals Section 101. Enhanced child tax credit made permanent. The child tax credit (CTC) […]
How to Determine if You Need to Worry About Estate Taxes
Here’s a simplified way to project your estate tax exposure. Take the value of your estate, net of any debts. Also subtract any assets that will pass to charity on […]
Timing Matters When Paying Education Expenses
As the end of the year approaches, start thinking about education tax credits. Why? The two federal education credits available for 2015 — the American Opportunity Credit and the Lifetime […]