Tag: tax planning
Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. Freddie Mac reports that the average 30-year fixed mortgage rate was 4.14% … Read More »
Tax Planning. Comments Off on Selling your home? Consider these tax implications
Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). Some will spend their tax savings on merging with or acquiring another business. Before you jump on the M&A bandwagon, … Read More »
Timely Articles. Comments Off on Making Smart Mergers and Acquisitions under Today’s Tax Law
It’s that time of year when many people who filed their tax returns in April are checking their mail or bank accounts to see if their refunds have landed. According to the IRS, most refunds are issued in less than … Read More »
Tax Planning. Comments Off on Check on your refund — and find out why the IRS might not send it
While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing an electric or hybrid vehicle, you may … Read More »
Tax Planning. Comments Off on Plug in tax savings for electric vehicles
For many small business owners, their ownership interest is one of their biggest personal assets. What will happen to your ownership interest if you get divorced? In many cases, your marital estate will include all (or part) of your business interest.
Sometimes, … Read More »
Timely Articles. Comments Off on Tax Issues to Consider When Small Business Owners Get Divorced
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot of … Read More »
Tax Planning. Comments Off on How entrepreneurs must treat expenses on their tax returns
Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year.
Question #1: What … Read More »
Tax Planning. Comments Off on Three questions you may have after you file your return
Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can be expensive, especially if you’re married and both … Read More »
Tax Planning. Comments Off on Seniors: Medicare premiums could lower your tax bill
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim … Read More »
Tax Planning. Comments Off on Make a deductible IRA contribution for 2018. It’s not too late!
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½. However, there’s an exception … Read More »
Tax Planning. Comments Off on Still working after age 70½? You may not have to begin 401(k) withdrawals