Dan DiLuzio, C.P.A. joins “Money Talks” to discuss the year-end strategy of choosing when to pay your fourth quarter estimated state taxes and what affect it might have on any alternative minimum tax you might have to pay.
We look at two expiring tax provisions—Tax-Free Charitable Donations from IRAs and Deducting General Sales and Use Taxes.
If you are unemployed, certain expenses you incur when looking for a new job may be tax deductible. Learn more in this week’s Tax Tip.
Taxpayers age 70½ or older are allowed a qualified charitable distribution (QCD), which lets you to direct your IRA trustee to make a distribution, up to $100,000, directly from your IRA to a qualified charity. This QCD fulfills the required minimum distribution for the year.
You sold your tomatoes at the farmer’s market, but is your garden considered a business or a hobby? It’s complicated. Read this week’s Tax Tip for more.
If you plan to take charitable deductions on your taxes, note the IRS requires written substantiation of your donation. For more, read this week’s Tax Tip.
You have a about two months to make moves to improve your tax situation for 2011. Read this week’s Tax Tip for five year-end moves.
We discuss Herman Cain’s proposed 9-9-9 tax plan.
Large estates, opting out of the estate tax, have until Tuesday, January 17, 2012, to file Form 8939. Read this week’s Tax Tip for more information.
2010 Tax Act created new provisions for estate tax laws. Read how these may temporarily affect your estate plan in this week’s Tax Tip.
