Energy Costs Rise as Tax Incentives Fade
Energy-related tax incentives are fading, but a few remain, including some for home improvements and plug-in vehicles. Read more in this Tax Tip.
Read This Before Tossing Old Tax Records
Now that your taxes are filed, how long should you hold on to your documentation? Read this week’s Tax Tip before you shred!
Tax Rates Increase in 2013
In 2013, if you make more, you’ll be taxed more thanks to the 2012 American Taxpayer Relief Act. Read more in this Tax Tip.
What are the new Section 179 expensing and bonus depreciation rules for 2013?
Business owners: You have to spend money to make money. You still have tax perks to make business purchases. Read all about it in this Business Tip.
Did You Overlook Something on a Prior Tax Return?
Failing to report an item of income can often generate an IRS inquiry. Solution? File an amended return. Read all about it in this Tax Tip.
2013 Will Hit Higher-Income Taxpayers Hard—Be Prepared (Part 3)
Warning to high income earners: You may be subject to surtaxes on certain wages and investment income. Read more in this Tax Strategist.
President’s Proposed Tax Changes for 2014
The President’s budget proposal aims to limit tax deductions and increase small-business retirement plan participation. Learn more in this Tax Tip.
Beware of Bogus IRS Emails
Just because your taxes are done doesn’t mean tax scams are over. Remember, the IRS will not contact you by email. Read more in this Tax Tip.
Taxation of Master Limited Partnerships
Master Limited Partnerships (MLP) are a type of limited partnership that is publicly traded. The advantage of an MLP is that it combines the tax benefits of a limited partnership with the liquidity of a publicly traded company. We explain how MLPs can greatly complicate a tax situation.
Tax Breaks for Charity Volunteers
If you are wining and dining a potential large contributor on behalf of a charity, the cost is tax deductible. Learn more in this Tax Tip.