Business Owners: Are You Missing Out On the Research Credit?
The Internal Revenue Code rewards businesses for pursuing innovation by continually increasing investment. Learn how in this Tax Tip.
Tax Strategist: Tax Perks Related to Your Business Travel
Are you missing out on tax perks related to your business travel? Food and lodging expenses may be deducted when you are away from home for business purposes. Like everything in the tax law, to be tax deductible, certain rules must be followed. Individuals who know the rules and keep good records derive the most from these deductions.
Q&A: Simga-Aldrich and Taxation of Master Limited Partnerships
The “Money Talks” hosts answer listener questions about materials company Sigma-Aldrich and the future tax benefits of master limited partnerships.
Tax Tips for Recently Married Taxpayers
If you, like many others during the summer months, have gotten married or plan to get married in the near future, here are some post-marriage tips to help you avoid stress at tax time.
Parents Can Get Credit for Sending Kids to Day Camp
With summer in full swing, there is a tax break that working parents should know about. Many working parents must arrange for care of their children under 13 years of age during the school vacation period. A popular solution — with a tax benefit — is a day camp program.
What Are the Chances of Being Audited? You'd Be Surprised!
Think you’re safe from an audit because you have received your refund check? Think again! Read this for startling information on audits.
Tax Strategist: How Long Should You Hold onto Records?
Now that your taxes have been completed for 2010, you are probably wondering what old records can be discarded. You may have records from years ago that you are apprehensive about destroying. Before starting a toss pile, understand why the records should be kept.
Tax Favorable Ideas for Your Children’s Summer
We discuss tax advantageous plans for summer child care.
Tax Strategist: In the Market for a New Business Vehicle?
There is one tax loophole on the books that is large enough to drive a truck through…literally. Due to a provision in the new 2010 Tax Relief Act, you can write off most or all the entire cost of a heavy-duty SUV placed in service this year—without the usual restrictions. But you should move fast if you are in the market for a new business vehicle. Congress may soon undo the unexpected windfall created by the new tax law.
What to do with Your Tax Refund?
Bil Lako, CFP®, and Dr. Gene discuss what you should do with your income tax refund.