Business as a Sole Proprietor—Filing Schedule C
The dream is to be your own boss and work for yourself. However, with that dream comes with self employment taxes, Schedule Cs and many accounting decisions.
Reporting Capital Gains or Losses
Capital gains or losses come from the sale of a capital asset. However, the IRS considers more than just your stocks and mutual funds capital assets.
A History of U.S. Taxes—The Political Discussion
As the subject of taxes is often political, history shows top earners generally pay more taxes.
Sale of Sole Proprietorship
Capital gains are generally taxed, but if you’re selling a sole proprietorship, you may have some flexibility. Read more in this Business Tip.
Don’t Forget Those Nominee 1099s
It’s an honor to be a nominee…or that is what award shows will have you think. But what if we’re talking 1099s? Learn more in this Tax Tip.
It’s Tax Time! Are You Ready?
You’ve got homework! Lots of things happened last year, and it may affect your taxes–time to pull your records together! Learn more in this Tax Tip.
Congress Avoids the Fiscal Cliff & Ready for a Take-Home Pay Cut?
Congress made numerous changes to the tax code that affect all taxpayers—not just the “rich.” Review the major provisions. Learn more in this Tax Strategist.
More Deductions Reduced for the Rich
Bil Lako, CFP® discusses the limitations on itemized deductions and personal exemptions for couples with an adjusted gross income of more than $300,000.
More Deductions Reduced for Rich
If your adjusted gross income is more than $300,000, you’ll see decreases in your tax deductions. 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 traded by Henssler Financial. All material…
IRS Issues Guidance on 2012 Charitable Donations from IRAs
The IRS has provided guidance on how qualified charitable distributions can satisfy an IRA owner’s RMD for 2012 and 2013. Learn More in this Tax Tip.