Maximize Your American Opportunity for Education Tax Benefits
Taxpayers should make every attempt to take advantage of available education tax credits. Find out how in this Tax Tip.
Higher Taxes Have Fiscal Consequences
The “Money Talks” hosts provide their opinions on the upcoming tax season.
Accurately Completing Form W-4 Could Still Result in an Underpayment
You may be under-withholding because your filing status and exemptions on W-4 do not account for other income sources. We explain in today’s Marietta Daily Journal.
Did You Collect the Needed W-9s?
It is good practice to have independent contractors sign IRS Form W-9 the first time you use them. Read more in this Business Tip.
Home Mortgage Interest and Unmarried Couples
Can you deduct mortgage interest if your name isn’t on the mortgage but you are an equitable owner of the home? Find out in this Tax Tip.
Are You Withholding Enough?
Accurate completion of Form W-4 worksheets may not guarantee that you will have the correct amount of tax withheld.
Compensating Yourself as a Business Owner
If you are your own boss, know that the IRS watches what you pay yourself as a business owner. We explain more in this week’s Marietta Daily Journal Article.
Underpayment Penalties Going to Get You?
To avoid underpayment penalties, you generally must prepay more than 90% of your current year tax liability or 100% of your prior year tax liability.
2013 Year-End Tax Planning Considerations
As the end of the 2013 tax year approaches, we’ve listed some things to keep in mind as you consider potential year-end tax moves. Read on in this Tax Tip.
Take Advantage of the IRA-to-Charity Transfer
For 2013, if you are age 70½ and older, you are allowed to make direct distributions (up to $100,000) from your Traditional or Roth IRA account to a charity. Read more in this Tax Strategist.