Clik here to view.
Are You Timing Business Income and Expenses to Your Tax Advantage?
Typically, it’s better to defer tax. One way is through controlling when your business recognizes income and incurs deductible expenses. Here are two timing strategies that can help businesses do...
View ArticleClik here to view.
Beware of Income-Based Limits on Itemized Deductions and Personal Exemptions
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and the personal exemption phaseout. Income thresholds If your...
View ArticleClik here to view.
It’s Critical to Be Aware of the Tax Rules Surrounding Your NQDC Plan
Nonqualified deferred compensation (NQDC) plans pay executives at some time in the future for services to be currently performed. They differ from qualified plans, such as 401(k)s, in that: NQDC plans...
View ArticleClik here to view.
2016 Tax Incentives: Go Green, Stay Green
Subscribe to Our Newsletter Name Email Address Submit FREE WHITEPAPER The Complete Guide to Making It Through an IRS Audit Without Losing Your Cool GET IT HERE The post 2016 Tax Incentives: Go Green,...
View ArticleClik here to view.
Accelerating Your Property Tax Deduction to Reduce Your 2016 Tax Bill
Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the...
View ArticleClik here to view.
Ensure Your Year-end Donations Will Be Deductible on Your 2016 Return
Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when and how much you...
View ArticleClik here to view.
Why Making Annual Exclusion Gifts Before Year End Can Still Be a Good Idea
A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate tax at death. There are many ways to make tax-free gifts, but one of...
View ArticleClik here to view.
Help Prevent Tax Identity Theft by Filing Early
© Can Stock Photo / blasbike If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 18 deadline. You might even want to file for an...
View ArticleClik here to view.
Planning for your Tax Appointment
© Can Stock Photo / ajfi Tax Day is Approaching Fast The new year has begun and time is passing quickly. Sooner than you know it, April 18th will be here. Now is the time to start organizing your tax...
View ArticleClik here to view.
A Timely Postmark on Your Tax Return May Not Be Enough to Avoid Late-filing...
© Can Stock Photo / stuartmiles Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper...
View ArticleClik here to view.
Are Frequent Flyer Miles Ever Taxable?
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your spouse on a romantic getaway, you might assume that there are no tax implications involved....
View Article
