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.
Checking the Status of Your Federal Tax Refund is Easy
IRS2Go is the IRS’ first smartphone application that let’s taxpayers check on the status of their tax refund. Learn more about it in this Tax Tip.
Estate Tax After the Fiscal Cliff
The 2012 Tax Act permanently extended gift tax and estate tax applicable exclusion amount portability between spouses. Read all about it in this Financial Tip.
Are You Collecting the Needed W-9s?
It’s good practice to have independent contractors complete and sign IRS Form W-9 the first time you use their services. Learn why in this Business Tip.
Six Last-Minute Tax Tips
With the tax deadline fast approaching, we offer six last-minute tips for your federal tax return in this week’s Tax Tip.
Tax Filing Deadline Rapidly Approaching
April 15th is the last day to make 2012 IRA contributions and the deadline to pay first quarter 2013 estimated taxes. Learn more in this Tax Strategist.
2013 Will Hit Higher-Income Taxpayers Hard–Be Prepared (Part 2)
Among the many new taxes, high income earners will also see a new top marginal tax rate of 39.6% and higher capital gains. Learn more in this Tax Strategist.
LLC, LLP, PC, LP Distribution Rules
Your business structure affects how distributions of cash or property to owners are taxed. Read more in this Business Tip.