Year-End Capital Gains Strategies
Gains & losses come from the sale of assets—sounds easy, but there are reasons to consult a tax expert before year-end. Read more in this week’s Tax Tip.
Year-End Tax Planning—2011 Retirement Plan Contributions
“Money Talks” hosts discuss how to reduce taxable income by contributing to your retirement plans.
Small Business Owners—Don't Forget Your Retirement Plan
Small-business owners have excellent opportunities to save for retirement, often with tax benefits for the business. Read more in this week’s Tax Tip.
Postpone Income and Accelerate Deductions
While it is holiday time, we think it is important for people to know that there is plenty of time to make a difference in their tax situation before the end of the year.
Business Owners: Don’t Miss Out on the Domestic Production Deduction
Businesses with qualified production activities can take advantage of the Domestic Production Deduction on their taxes. Read this Tax Tip for more.
State Income Taxes and AMT Implications
Dan DiLuzio, C.P.A. joins “Money Talks” to discuss the year-end strategy of choosing when to pay your fourth quarter estimated state taxes and what affect it might have on any alternative minimum tax you might have to pay.
Tax Strategist: Expiring Tax Provisions
We look at two expiring tax provisions—Tax-Free Charitable Donations from IRAs and Deducting General Sales and Use Taxes.
Tax Tips for Job Seekers
If you are unemployed, certain expenses you incur when looking for a new job may be tax deductible. Learn more in this week’s Tax Tip.
Tax-Free Distributions to Charity
Taxpayers age 70½ or older are allowed a qualified charitable distribution (QCD), which lets you to direct your IRA trustee to make a distribution, up to $100,000, directly from your IRA to a qualified charity. This QCD fulfills the required minimum distribution for the year.
Is It a Business or a Hobby?
You sold your tomatoes at the farmer’s market, but is your garden considered a business or a hobby? It’s complicated. Read this week’s Tax Tip for more.