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.
Business Owners: Compensating Yourself
As a business owner, compensating yourself can be complicated as the IRS is very interested in what you do! Learn more in this week’s Business Tip.
Back-Door Roth IRAs
Sure, Roth IRA conversions sound like a great idea, but you have to carefully consider the tax consequences first. Read all about it in this week’s Tax Tip.
Time-Share Use as a Charitable Contribution
If you donate use of your time-share property to a charity, your allowable tax deduction may be less than you think. Read all about it in this week’s Tax Tip.
Oops, Did You Forget Something on a Tax Return?
Overlook something on your tax return? You can easily amend your return and possibly avoid any IRS correspondence. Read all about it in this week’s Tax Tip.
Employers, Don’t Miss the Work Opportunity Tax Credit
Employers are eligible for the work opportunity tax credit through 2019 for hiring individuals from targeted groups. Learn what they are in this week’s Business Tip.
Most Overlooked Tax Deduction
If you are a beneficiary of an estate, don’t overlook the income in respect of a decedent tax deduction. Learn more in this week’s Tax Tip.
Taxes — A Balance Between Security and Convenience
Thieves have claimed more than $30 billion in fraudulent tax refunds. Bil Lako, CFP®, explains in today’s Marietta Daily Journal. Read the Article