Donate Appreciated Stock for Twice the Tax Benefits

Donate Appreciated Stock for Twice the Tax Benefits

A tried-and-true year’s end tax strategy is to make charitable donations. You can claim a charitable deduction as long as you itemize and your gift qualifies. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock...
Research Credit Available to Some Businesses for the First Time

Research Credit Available to Some Businesses for the First Time

The federal tax credit for “increasing research activities” didn’t change under the Tax Cut and Jobs Act (TCJA), but several TCJA provisions have an indirect impact on the credit. As a result, the research credit may be available to some businesses for the first time....
Could “Bunching” Medical Expenses Into 2018 Save You Tax?

Could “Bunching” Medical Expenses Into 2018 Save You Tax?

If you itemize deductions, and have enough expenses to exceed the applicable floor for deductibility, some of your medical expenses may be tax deductible. You may also be able to time controllable medical expenses to your tax advantage with proper planning. The Tax...
Now’s the Time to Review Your Business Expenses

Now’s the Time to Review Your Business Expenses

Now that we’re in the last quarter of the year, it’s a good idea to review the deductibility of your business’s expenses. It’s also a good time to consider whether your business would benefit from accelerating certain expenses into this year. Be sure to evaluate the...
IRS Tax Payment Plans Make It Easier to Face Your Tax Bill

IRS Tax Payment Plans Make It Easier to Face Your Tax Bill

If you should find yourself in a position where you owe the IRS a good deal of money – don’t panic. You’re not alone. There are a lot of people who face the same situation. It could be because they didn’t have the cash available to pay the bill at the time, forgot to...