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 [...]
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 [...]
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 [...]
Many students hold a summer job during their time off from school or work part–time during the school year. Here are some tax tips for students that should be considered:
Successfully passing a family business to the family upon death of the owner is not an easy task. Most business owners fail to realize the importance of a sound business succession plan. As a [...]
Small Business expensing was enhanced early this calendar year when The American Taxpayer Relief Act of 2012 increased the amount available as a first-year deduction for the purchase of new or [...]
Waiting for your regular CPA appointment to discuss current tax related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year end. [...]
Unless your income exceeds $400,000 as a single taxpayer ($450,000 for married couples), your tax rate will remain what it was under the Bush-era tax rates of 2012. For the high-income [...]
