Check out our new very short business travel video for a quick overview and links to additional resources.
Tax preparers, bracing for a tricky filing season, are advising taxpayers to file returns as they usually do, but to be prepared for possible delays if they are due refunds.
Premiums for Medicare health insurance can add up to a substantial sum.
First things first.
Your ownership of a pass-through trade or business can generate a Section 199A tax deduction of up to 20 percent of your qualified business income (QBI).
If at all possible, you want to qualify for the 20 percent tax deduction offered by new tax code Section 199A to proprietorships, partnerships, and S corporations (pass-through entities).
Taxpayers should protect their personal and financial data from criminals who continue to steal large amounts of information.
When preparing an estate plan for yourself or a loved one, it is highly recommended to obtain ancillary documents in addition to a revocable trust and a will.
The Tax Cuts and Jobs Act (TCJA) became a done deal when President Donald Trump signed it into law on December 22, 2017.
The Tax Cuts and Jobs Act (TCJA) became a done deal when President Donald Trump signed it into law on December 22, 2017. The House first proposed its version of the bill in early November 2017, and it was tweaked and changed several times before it went into effect in January 2018.
As of the date of this bulletin, the IRS has not announced an opening date.
Imagine this: your Schedule C business buys a home at the beach, uses it solely as an entertainment facility for business, pays off the mortgage, and deducts all the expenses.
If your family has trouble with the kiddie tax, you face some new wrinkles for tax years 2018 through 2025 thanks to the Tax Cuts and Jobs Act (TCJA) tax reform.
It is said that no one on their deathbed ever wished they had worked just a little longer.
When it comes to gift tax, the IRS generally holds the giver liable. And unless the person is handing over a small fortune, he or she won’t owe any gift taxes either.
2018 Last-Minute Section 199A Strategies Starting now, this year (2018), you have to consider your Section 199A deduction in your year-end tax planning. If you don’t, you could end up with a big fat $0 for your deduction amount. If your...
Data thieves don’t take a break during the holidays
As a small-business owner, you probably incur work-related education expenses from time to time.
Starting now, this year (2018), you have to consider your Section 199A deduction in your year-end tax planning.
The beauty of tax planning your year-end stock portfolio is that it might cost you pennies in commissions but allow you to pocket real money.