Tricks About Net Investment Tax

Tricks About Net Investment Tax

Tricks About Net Investment Tax
Tricks About Net Investment Tax

Certain taxpayers may be subject to the Net Investment Income Tax, which went into effect last year, in 2013. You may owe this tax if you have income from investments and your income for the year is more than certain limits. Here are four things that you should know about this tax:

  1. Net Investment Income Tax. The law requires a tax of 3.8 percent on the lesser of Continue reading Tricks About Net Investment Tax

2014 CFO Year-End Tax Planning for Businesses (HubCFO CFO Services)

Tax-TimeWhile the fate of several business-related tax extenders such as R & D credits, bonus depreciation, and Section 179 expensing that expired at the end of 2013 is uncertain, there are still a number of end of year tax strategies businesses can use to reduce their tax burden for 2014.

Purchase New Business Equipment Continue reading 2014 CFO Year-End Tax Planning for Businesses (HubCFO CFO Services)

Year-End Tax Planning for Individuals

Taxes-Once again, tax planning for the year ahead presents more challenges than usual, this time due to the numerous tax extenders that expired at the end of 2013.

These tax extenders, which include nonbusiness energy credits and the sales tax deduction that allows taxpayers to deduct state and local general sales taxes instead of state and local income taxes, may or may not be reauthorized by Congress and made retroactive to the beginning of the year. Continue reading Year-End Tax Planning for Individuals