Life Insurance – How Much Do You Need? The purpose of life insurance is to provide a source of income, in case of death, for your children, dependents, or other beneficiaries. Life [...]
The American Taxpayer Relief Act of 2013 extended, for 2012 and 2013, tax-free gifting your IRA to charity for taxpayers age 70½ or older. Special rules apply for distributions made in December [...]
Taxable IRA withdrawals should be planned based on your age. Your age, at the time you withdraw, can make a big difference in the amount of tax that you will pay. Generally, there are three [...]
Supporting a parent could cut your taxes significantly. If you provide more than half a parent’s support in 2012, you may be entitled to a $3,800 dependency exemption. If other family members [...]
When the IRS requests accounting software files in association with audits of small businesses, Bressler & Company can help! This is one area where we can leverage our broad accounting [...]
Your business might be entitled to a tax credit for health care payments you provide for your workers if you employ fewer than 25 employees and pay average wages of less than $50,000. The [...]
As of September 15, 2012 all California residents are required to pay California Use Tax on all purchases made from out-of-state vendors who do not charge you sales tax at the time of purchase. [...]
Check your children tax filing requirements as they may have to file an income tax return. Generally, a return is required if the child had wages of more than $5,950, self-employment earnings [...]
The Total Tax Insights calculator is the first tax calculator to provide a comprehensive view of the number and variety of taxes you pay and their estimated amounts based on your place of [...]
If your tax deductions normally fall short of itemizing your deductions or even if you are able to itemize, but only marginally, you may benefit from using the “bunching” strategy.
