Gifting to Graduates and Newlyweds
‘Tis the season for gifting! And you thought it was just at Christmas. With weekends packed with graduation parties and weddings, there are plenty of opportunities to trigger the gift tax.
President Proposes Reinstating Gift Limits
If you plan to gift your estate, you may want to pay attention to the proposed changes in gift tax laws. Learn more in this Tax Tip.
Read This before Tossing Old Tax Records
When cleaning out your tax records, be careful not to toss records needed to substantiate the basis of capital assets. Learn more in this Tax Tip.
Get a Big Refund this Year?
What’s wrong with a tax refund? You’re only getting your own money after making an interest-free loan to Uncle Sam. We explain in this Tax Tip.
Monthly Financial Statement Monitoring
As a business owner, do you know the 10 basic elements of your company’s financial statement? Read more in this Business Tip.
Receiving Tips Can Be Taxing
If your college student is waiting tables this summer, remind them that those cash tips aren’t tax free income. Read more in this Tax Tip.
Q&A Time: Tax Basis, Medicare HMOs and Buying or Leasing a Car
Should you lease or purchase a car? We explore in our Q&A.
Don’t Get Scammed, They Are Very Clever
Scammers claim to be from the IRS, banks or credit card companies to trick you into divulging your personal information. Learn more in this week’s Tax Tip.
Getting Hit With the Alternative Minimum Tax?
The AMT is an extremely complicated area of tax law that requires careful planning to minimize its effects. Learn more in this Tax Tip.
Credit for Small Employer Health Insurance Premiums
Small businesses may be eligible for a tax credit for paying the health insurance premiums for employees. Read more in this Insurance Tip.