Higher Income Taxpayers Hit with Exemption & Itemized Deductions Phase-out
Both the personal exemptions and itemized deductions will phase out for higher income taxpayers this year. Learn more in this Tax Tip.
Company Car as an Employee Benefit
If you have a job that provides a company car and are allowed to use the car on the weekends, this benefit may be taxable to you.
Fringe Benefits
Some employee benefits may be subject to income tax to the employee if they discriminate in favor of executives. Read more in this Tax Tip.
Restricted Stock: Benefits, Taxation and Planning Issues
Hosts discuss the taxation and planning issues of restricted stock.
Restricted Stock Tax Rate Benefits
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how restricted stock is taxed, and the pros and cons of the 83(b) election. Read the Article
Partnership Rules
If you contribute property or services in exchange for a partnership interest, there may be tax consequences. Learn more in this Business Tip.
Don’t Panic If You Receive an IRS Notice
You should never ignore a letter from the IRS. Most can be dealt with simply and painlessly. Read more in this Tax Tip.
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.