The IRS has postponed various tax deadlines for individuals and businesses in Florida, Georgia, Puerto Rico and the U.S. Virgin Islands, as well as in parts of Texas. They will have until Jan. 31, 2018 to file and pay the affected returns and taxes. The
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Disorganization usually spells disaster in most scenarios. This is especially true for finances. It’s time to get your bills, paycheck stubs, tax returns and bank statements in order.
If your business is incorporated, it may be a good idea for you to own the business real estate and lease it to your corporation. That’s because there are a number of tax and nontax concerns relating to real estate ownership. Before you acquire new
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Did you know that any amount of canceled debt is typically taxed as ordinary income? If you receive debt forgiveness for home, car or student loans, or credit card interest and debt, you may create a tax liability. There are some exceptions, like when debt
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Do you have too much of your employer’s company stock in your 401(k) or other retirement plan? It’s time to find out if you’ve made a smart or risky move.
Your business tax return could look a lot different depending on the circumstances of employee meals. Find out why and what you can do to get the most bang for your tax buck.
Have you hit your standard deduction threshold yet? If not, you still have a few options to help create a lower tax bill for the 2017 tax season. One way is to donate stock you’ve held for more than a year to a charity. You
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Be honest – you’ve thought about what it’d be like to win the lottery. What you might not have considered is the amount you’d actually end up with once you collect your winnings. After factoring in how much you spent on your lottery tickets, plus
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One of several identity theft scams IRS Commissioner John A. Koskinen spoke about at a recent IRS Nationwide Tax Forum is a client email hack scam. This happens when a thief uses a taxpayer’s email address to send an email to a tax preparer with
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Cutting business costs is no easy task. Fortunately, there are a few ways you can save money before you consider more severe cost-saving measures. Take a look at these four options.
