Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older (and don’t need the money from required minimum
Choosing the right entity can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations
If you’re planning to sell assets at a loss to offset gains realized during the year, it’s important to be aware of the “wash sale” rule. How the
Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study.
One way to save for your child’s or grandchild’s education is with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for
With the escalating cost of employee health care benefits, your business might be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). HSAs
According to the IRS, thousands of people have lost millions of dollars and their personal information to tax scams. Criminals have been known to contact victims through regular
As an employer, you must pay federal unemployment tax (FUTA) on amounts up to $7,000 paid to each employee as wages during the calendar year. The tax rate
As we head toward the holiday season, you may be considering giving gifts of cash or securities to loved ones. Taxpayers can transfer substantial amounts free of gift
If you’re like most business owners you’re asking: How can I avoid an IRS audit? The good news is the odds against being audited are in your favor.
You may have Series EE savings bonds that were bought several years ago. If so, you probably store them in a file cabinet or safe deposit box and
These days, it’s an easy decision to set up and maintain a website because most businesses need a one to remain competitive. But determining the proper tax treatment
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