American Taxpayer Relief Act of 2012—Provisions Applicable to Small Businesses
The 2012 Tax Act includes several provisions for small businesses—many of which were retroactive for 2012. Learn more in this Tax Tip.
The "SEPP" Exception to the IRA Premature Distribution Tax
If you need to tap the funds in your IRA, you may be able to avoid the early 10% withdrawal penalty. Read more in this Financial Tip.
Choosing Your Tax Return Preparer
Bil Lako, CFP®, shares advice on choosing your tax return preparer, because regardless of who prepares it, you are responsible for the information contained in your tax return.
Compensating Yourself with Wages
If you own a business, you likely receive compensation through wages and dividends. But which is better? Find out in this Business Tip.
Don’t Forget to Report Those Foreign Financial Assets!
The penalty for failing to report specified foreign financial assets for a tax year is $10,000! Learn more in this week’s Tax Tip.
IRS Officially Begins Tax Season
2012’s tax act made some rules retroactive for 2012, causing a delay in filing and for the IRS to process returns. Read our article in today’s Marietta Daily Journal This article is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be…
Moving Expenses
Some moving expenses may be tax deductible if you meet certain tests from the IRS.
Itemizing Deductions—What You Can and Cannot Deduct
If it’s tax time, you are certainly looking for deductions. There are many legitimate deductions that include certain medical expense, unreimbursed employee expenses and even tax preparation fees.
Retirement Savings Contributions Credit
Low-and moderate income workers who contributed to a retirement plan, such as an IRA or 401(k), may be able to take the savers credit.
Relief for the Travel and Entertainment Headache
Deducting travel and business expenses can be hard to keep up with. Luckily, the IRS will allow you to deduct unreimbursed expenses on a per-diem method.