The limitation on itemized deductions is back. The American Taxpayer Relief Act sets the income level at $250,000 for single taxpayers and at $300,000 for couples. Those with income above these [...]
An IRS notice will probably increase your heart rate a little. Don’t panic; many of these letters can be dealt with simply and painlessly, but you should call Bressler & Company immediately. [...]
The American Taxpayer Relief Act of 2013 increased the top estate tax rate from 35% in 2012 to 40%. The estate exemption was set at $5,000,000 for individuals and $10,000,000 for married [...]
When you give away items like clothing, appliances, vehicles, and other goods to a qualified charity, your generosity can add up to a tax deduction if you itemize your deductions. The amount of [...]
A way to reduce the overall family tax bill is by employing family members through your business, which allows you to shift income to them as well as provide them with employment benefits.
If you are unfortunate enough to have an unpaid tax liability and wish to put end the constant stream of correspondence from the IRS, there are several possible solutions to help you deal with [...]
Enacted by Congress in 1969, the AMT Tax (alternative minimum tax) attempted to ensure that individuals and corporations that benefit from certain exclusions, deductions, or credits pay at least [...]
If you are not familiar with the IRS Rules on Foreign Financial Accounts, you better check this article out! Each U.S. person who has a financial interest in, can sign on, or has other authority [...]
Whether you’re a recent high school graduate going to college for the first time or a returning student, paying for college can be a daunting financial task. The following are some tips about [...]
