Dealing with the tax consequences of a highly appreciated asset
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how a highly appreciated stock position, can create both a tax and estate planning issue. Read the Article.
Short-Term Rental, Special Treatment
Rent your home via Airbnb, VBRO or HomeAway? Some special tax rules may apply to you! We explain in this week’s Tax Tip.
Tax Breaks for Hiring Your Children in Your Family Business
If you own a business, you may consider hiring your minor children to provide extra help and save on taxes. We explain in this week’s Business Tip.
Solar Tax Credits—Before You Take the Leap
Before you agree to supply your power via solar panels, understand the nuances of the federal solar tax credit. Read more in this week’s Tax Tip.
Calculating the Gain on the Sale of Your Home
Dan DiLuzio, C.P.A., shares his expertise in discussing this week’s case study about how to treat the capital gain on the sale of a home.
Employer Offered You Health Insurance but You Got Yours through the Marketplace…You May Be in for an Unpleasant Surprise!
If you were offered “affordable” health insurance at work, you cannot get subsidized insurance through the Marketplace. Learn more in this week’s Insurance Tip.
School’s Out—Who's Going to Take Care of the Kids?
Are the kids struggling with summer boredom? Sending your children to day camp can have tax benefits. Read all about it in this week’s Tax Tip.
How will estate taxes be paid if I leave no provision in my Will?
There are taxes even in death. If you have no estate tax provision in your Will, state laws intervene. Learn more in this week’s Tax Tip.
Receiving Cash Tips? The IRS Is Watching
Your cash tips are subject to income, Medicare and Social Security taxes, so they’re a frequent audit item by the IRS. We explain in this week’s Tax Tip.
Deducting More Than $250 for Teachers’ Classroom Supplies
Teachers may be able to deduct more than $250 in classroom supplies on their taxes. We explain in this week’s Tax Tip.