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.
Avoiding Unreasonable Compensation
What’s a fair wage for an employee-shareholder? The IRS determines if compensation is reasonable on a case-by-case basis. Learn more in this Tax Tip.
Will The Tax Increases Lead to a Recession?
Dr. Gene and Bil Lako, CFP© discuss the possibility of recession.
IRS to Accept Tax Filings Beginning January 30
The IRS has announced it will begin accepting 2012 tax filings on January 30, 2013. Learn more in this Tax Tip.
Fiscal Cliff…What Fiscal Cliff?
Bil Lako, CFP® highlights some of the basics coming out of Congress’ fiscal cliff legislation, including changes to the alternative minimum tax.
Don’t Be a Victim this Tax Season
With tax season starting, identity thieves may prey on your lack of tax knowledge to obtain your identity information. Learn more in this Tax Tip.
Will Capital Gains Be Changed?
Capital gains and related issues make up approximately half of the tax code. Is reform in our future? Read all about it in this week’s Tax Tip.