Now that your taxes have been completed for 2010, you are probably wondering what old records can be discarded. You may have records from years ago that you are apprehensive about destroying. Before starting a toss pile, understand why the records should be kept.
We discuss tax advantageous plans for summer child care.
There is one tax loophole on the books that is large enough to drive a truck through…literally. Due to a provision in the new 2010 Tax Relief Act, you can write off most or all the entire cost of a heavy-duty SUV placed in service this year—without the usual restrictions. But you should move fast if you are in the market for a new business vehicle. Congress may soon undo the unexpected windfall created by the new tax law.
The federal tax filing deadline of April 18, 2011 is looming, but there is still time to cut your taxes for 2010. Read this Tax Tip for five strategies.
While everyone who earns an income needs to file a tax return, many filers still wonder if they should itemize their deductions. We look at a few facts that should help you decide if itemizing would decrease your tax liability
If you work and pay into Social Security, you will see an increase in your paycheck for 2011, as for one year only, the employee’s share of the payroll tax will be reduced.
It’s tax time, so the hosts of "Money Talks" answer the burning question of “Who can deduct home office expenses?”
The "Money Talks" hosts discuss why it is important to discuss your withholding amounts with your Tax Adviser.
Changing from a C corporation setup to the S corporation setup can be beneficial, but there are numerous factors to consider. With the March 15 deadline for 2011 fast approaching, you should seek guidance for your situation.
The recently enacted Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate tax relief, a two-year patch of the alternative minimum tax (AMT), a two-percentage-point cut in employee-paid payroll taxes and in self-employment tax for 2011, new incentives to invest in machinery and equipment, and a host of retroactively resuscitated and extended tax breaks for individuals and businesses.
