Individuals/ Family »
Perfect Time to Take A Mid-Year Tax Review Inventory
As the U.S. looks forward to the possibility of key tax changes over the next six months, it is the perfect time of year for taxpayers to take inventory of their current income tax
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Reasons to Choose a 401K Over a Simple Plan
Sometimes it is better for a small business to choose a 401(k) plan rather than the popular SIMPLE plan. A very big, recent incentive is the new ability to invest into a “Roth” account.
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Understanding Individual Retirement Accounts (IRAs)
Top Takeaways 1: Traditional IRA is anything other than a Roth IRA or Simple IRA The traditional IRA is any IRA that is not a Roth or Simple IRA. Two advantages are that you
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Guidance on Capitalization of Tangible Property
New guidance on the capitalization of tangible property has been finalized by the Internal Revenue Service (IRS). The guidance is a follow up to rules issued in 2008 and apply to tax years beginning
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Retirement Savings Contribution Credit
Top Takeaways 1: Saver’s Credit has income limits based on filing status If you are single, married filing separately, or a qualifying widower, your income cannot exceed $27,500. If you are Head of Household,
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A hobby or a business activity?
Top Takeaways 1: Hobby is something you pursue without expecting to make a taxable profit There are many factors considered by the IRS when deciding whether certain activities are a business or a hobby.
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