Tax Strategist: Tax Moves for Your 2010 Taxes
The federal tax filing deadline of April 18, 2011 is looming, but there is still time to cut your taxes for 2010. Read this Tax Tip for five strategies.
Can You Benefit from Itemizing?
While everyone who earns an income needs to file a tax return, many filers still wonder if they should itemize their deductions. We look at a few facts that should help you decide if itemizing would decrease your tax liability
2011 and 2012 Payroll Tax Cut
If you work and pay into Social Security, you will see an increase in your paycheck for 2011, as for one year only, the employee’s share of the payroll tax will be reduced.
Who Can Deduct Home Office Expense?
It’s tax time, so the hosts of "Money Talks" answer the burning question of “Who can deduct home office expenses?”
Without Adjusting your W-4, You May be Giving the Government an Interest-Free Loan
The "Money Talks" hosts discuss why it is important to discuss your withholding amounts with your Tax Adviser.
Q&A: Bonds, Margin Interest and Annuities
The "Money Talks hosts answer listeners’ questions on bonds, margin interest and annuities.
Tax Strategist: Changing from a C corporation to a S corporation
Changing from a C corporation setup to the S corporation setup can be beneficial, but there are numerous factors to consider. With the March 15 deadline for 2011 fast approaching, you should seek guidance for your situation.
Tax Strategist: Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
The recently enacted Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate tax relief, a two-year patch of the alternative minimum tax (AMT), a two-percentage-point cut in employee-paid payroll taxes and in self-employment tax for 2011, new incentives to invest in machinery and equipment, and a host of retroactively resuscitated and extended tax breaks for individuals and businesses.
Benefits of Budgeting
You can be in control of your money instead of letting it control you. This is one of the many benefits to having a budget. For more information on how a budget can help you organize, communicate and save time when dealing with your money, read this C.P.A. Insight.
Social Security: Your Earnings and Benefit Estimate Statement
About three months before your birthday, taxpayers should receive their "Earnings and Benefits Estimate Statement" from the Social Security Administration. This annual report will give you an idea of how much you may receive in Social Security when you retire. For a description of the information you will find on this statement, read this Financial Strategy.