In most cases, gains from home sales are taxable. But did you know that if you sell your home, you may be able to use some Tricks to Avoid Tax on Your Home Sale? Here are ten facts to keep in mind if you sell your home this Continue reading Tricks to Avoid Tax on Your Home Sale
If you gave money or property to someone as a gift, you may owe federal gift tax. Is Your Gift a Taxable Gift?
Many gifts are not a taxable gift subject to the gift tax, but there are exceptions. Continue reading Is Your Gift a Taxable Gift?
You must perform adequate Charitable Contribution Recordkeeping to prove the amount of any cash and non-cash contributions you make during the year. Which records you must keep depends on Continue reading Charitable Contribution Recordkeeping
Selecting which exit plan is best and your best business successor is a fundamental objective of planning an exit strategy and requires a careful assessment of what you want from the Continue reading Which Exit Plan is Best?
If you’re a savvy investor, you probably know that you must generally report as income any mutual fund distributions whether you reinvest them or exchange shares in one fund Continue reading Section 1031 Like-Kind Exchange
If you have insurance through the Health Insurance Marketplace, you may be getting advance payments of the premium tax credit. These are paid Continue reading Avoiding Tax Problems with ObamaCare
Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Tax-related identity theft presents challenges to individuals, Continue reading Preventing Tax-Related Identity Theft
Using Small Business Tax Planning Tricks is the process of looking at various tax options to determine when, whether, and how to conduct business and personal transactions Continue reading Small Business Tax Planning Tricks
Employees Who Work for Tips – If you received $20 or more in tips during July, report them to your employer. You can use Form 4070.
