Itemized Deductions: From Common and Easy to Unusual and Tricky
For additional information regarding 2014 tax planning, you can download our 2014 Tax Planning Guide from the Resources tab on our website. For most taxpayers, questions about what is deductible far outnumber the questions about what is taxable. Why? Most income is reported to you and the IRS shortly after year-end on standard documents…
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What You Need to Know About Estimated Tax Payments
If you own a pass-through entity (limited liability entity or S corporation), your non-wage income earned through the business is subject to quarterly estimated tax payments. The timing and amount of those payments are subject to a complicated set of rules. Here is what you need to know. When to pay? The IRS calendar is…
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Tax Extenders – What You Need to Know
In addition to being unnecessarily complex, another frustrating aspect of tax compliance is that the rules change every year. 2014 is no exception. Each year, Congress and the President review the tax rules slated for expiration in the upcoming year and, for the most part, enact legislation to extend those rules for the next year….
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Do you subscribe to our blog via email? You can do so for free via the button in the side bar or right here: Sometimes, we’ll send out content that’s exclusive to email subscribers. Last week, we sent a market research survey + giveaway. With the feedback we received, we hope to give you more…
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