Are You an Employee or an Independent Contractor?
Your tax responsibilities differ greatly depending on if you are a independent contractor or an employee. Learn more in this week’s Tax Tip.
Rule 72(t) Allows for Penalty-Free Substantially Equal Periodic Payments from Your IRA Before Age 59½
Certified Financial Planner Jennifer Thomas joins the show to discuss substantially equal periodic payments available from IRAs under Section 72(t) of the Internal Revenue Code.
Tax Planning for the Self-Employed: Shifting Income/Timing Income
If you are self-employed, income shifting can be a valuable tool to lower your taxes. Read more in this Business Tip.
Charity Purchases and Auctions
Paid $500 for a football at a charity auction? Check the estimated value of the item before calculating your tax deduction. Learn more in this week’s Tax Tip.
In the News: Tapping Your IRA and Avoiding a Penalty
Thinking about tapping into your IRA? We explain the complicated rules to avoid penalty in today’s Marietta Daily Journal. Read the article
Hidden Taxes: What Is Your True Cost?
Fees, surcharges, tariffs, duties, assessments, dues, excises, levies, licenses, and tolls are all euphemisms for taxes. Read more in this week’s Tax Tip.
Individual Estimated Tax Payments for 2012 Start Soon
The April deadline has passed, but it’s time to look at what you’re paying in for your 2012 Income Tax liability. Read more in this week’s Tax Tip.
Speculating on the Future of the Federal Estate Tax
Estate tax laws are among the many tax laws that will sunset at the end of this year. We look at five possible scenarios in this week’s Financial Tip.
In the News: Election Could Show Divide in Tax Policy
Taxes aren’t over yet! They’ll likely take center stage during election debates. We explain the basics in today’s Marietta Daily Journal.
Tax Benefits of Home Ownership
Why is owning a home part of the American Dream? Because of the tax benefits! Learn more in this week’s Tax Tip.