If the full amount of a required minimum distribution isn’t taken, the penalty is 50% of the amount you didn’t withdraw. Read all about it in this week’s Tax Tip.
Tax Manager Dan DiLuzio, C.P.A., leads the group in a case study discussion about year-end tax moves for individuals and businesses, some of the notable changes for the 2017 tax season and some of President-elect Trump’s proposed tax law changes.
Businesses can take advantage of liberal expensing limits under Sec. 179 and bonus depreciation for new equipment. Read all about it in this week’s Business Tip.
If you’re charitably inclined, you can use life insurance to benefit your favorite non-profit. Read all about it in this week’s Insurance Tip.
Saving for retirement is key, but should you save pretax or after-tax dollars? We explain in this week’s Financial Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains the risks to tax loss harvesting and why you need an expert’s help. Read the Article
Businesses have until Dec. 31 to adopt the de minimis expense election. Learn more in this week’s Business Tip.
In 2017, seniors will only be able to allow a medical expense deduction that exceeds 10% of their AGI. Read all about it in this week’s Insurance Tip.