Pay Tuition or Medical Bills to Lower Estate Taxes
Did you know that any money you spend to directly pay for someone's medical bills or school tuition is not subject to federal gift- or estate taxes, no matter what the amount? That's right. This...
View ArticleTax Wisdom for the Whole Year
Start early. You've heard the old adage, "plan your work, and work your plan". It's applicable to virtually everything in life (just like taxes). If you keep handfuls of receipts and records stuffed...
View ArticleA few Investment Real Estate Tax Tips
All of these tax tips are current and in effect at the time of this writing. However, as with all matters tax-related, verify with your tax advisor before attempting to use them - you know how...
View ArticleFinding the Right Tax Preparer
The tax preparation and filing process is easier than ever these days. With numerous brands of software available, people can do their taxes at home without any significant problems. The software...
View ArticleTax Considerations for Life Insurance
Life insurance provides a number of important benefits, in addition to the financial peace of mind that it can bring to a family. But not to be forgotten are the tax advantages available as a result...
View ArticleWhich Business Entity should you Use?
One of the first decisions that you'll need to make when starting a business is the way in which you'll set it up. How you'll structure your business is very important, and it will have a direct...
View ArticleTips to Prepare for Next Year's Taxes
It's tax time again. Some of us will look with great anticipation for a nice refund, while others put filing until the last minute because simply it's going to come down to an amount due. But...
View ArticleKeep Good Property Records
One of the major advantages of investing in real estate is the availability of numerous tax deductions. It goes without saying that every investor wants to maximize his or her allowable tax advantages....
View ArticleTax Planning
Planning for taxes involves strategizing to maximize deductions and reduce liability. The ultimate goal is to obtain a return or at least have the due amount lined up in advance of a deadline...
View ArticleUse the W-4 to your Advantage
It's fairly safe to say that, for most people, filling out tax forms is about as much fun as going to the dentist for an impacted wisdom tooth. They fill them out (or have then done so) to the best of...
View ArticleTen Tips for the Tax-Savvy
Saved money is earned money. One of the secrets of the rich is that they’ve found ways to keep more of their money. With that principle in mind, here are 10 tips to help you do the same...
View ArticleDeath and Taxes, They do go together!
The application of the old cliché about death and taxes is certainly appropriate for today’s article. Because the issue of taxation invariable arises when the subject of estate...
View ArticleTake a Little Time to Plan
How often do you think about your taxes? If your answer is "Once a year – between April 1st and April 15th;" unfortunately, you're far from alone. Many, many people close their eyes (either...
View ArticleMinimizing your Tax Liability
Have you ever had the 'tax time jitters?' That’s when you wait anxiously for the tax preparer to give you the good news of a nice, fat refund or the bad news of…well, you know what the bad new is. You...
View ArticleIncome Tax Planning: Tips To Avoid An Audit
When it is time to start filing your tax return, sound income tax planning can not only make the process much easier, but also help you avoid an IRS audit. Nobody who files taxes wants to be under the...
View ArticleThe Essentials Of International Tax Planning
International tax planning may offer some attractive benefits - like helping you minimize or eliminate potential income taxes due. However, if you are a multinational investor, you need to work out the...
View ArticleTax Withholding: How To Calculate Your Withholdings
In order to figure out the tax withholding, calculate several different numbers and you will end up with your take home pay.Tax withholdings are based on several different numbers that are either...
View ArticleTax Planning Advice And Tips
Here is a bit of tax planning advice and tips for some quick and painless things you can do to make next year's tax time a little more pleasant. Organize for next year - Whether you use simple file...
View ArticleTax Planning And Preparation: What Not To Avoid
When it comes to tax planning and preparation, there are several things not to be avoided. These basics can save you a lot of time and money.Tax Planning and Preparation Needs to Start EarlyTo provide...
View ArticleHow Small Business Tax Planning Can Save Your Business
Small business tax planning is essential to running a profitable operation. Running a small business means paying out a substantial amount of taxes for your employee's and profits. However, small...
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