Foreign Banks Forced to Report US Account Owners’ Tax Information to IRS
Under the FATCA law that bank account in the Cayman Islands will be reported to the IRS. Find out what this means in this Tax Tip.
Only One Nontaxable 60-Day Rollover OK’d
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains the IRS’ changes to IRA Rollover Rules. Read the Article
Georgia Qualified Education Expense Tax Credit Program
Dan DiLuzio, C.P.A., a Tax Manager with Henssler Financial, explains Georgia’s Qualified Education Expense Tax Credit Program. Dan describes how you can apply for the credit, the major benefits of the credit and why it has become so popular.
Get a Big Refund This Year?
Your tax refund is your own money that you are getting back after making an interest-free loan to Uncle Sam. Is that the best use of your money? We explain in this week’s Tax Tip.
Transactions Don’t Always Involve Money
If you trade your business services with another vendor for products, that barter is taxable income. We explain in today’s Marietta Daily Journal. Read the Article
Will the Affordable Care Act Affect Your Tax Return for 2014?
If you do not have health insurance during 2014, you may have to pay a penalty on your individual’s income tax returns. Learn more in this Tax Tip.
Tax Facts about Summertime Child Care Expenses
If you have children under 13 who require daycare while you work, you may qualify for a tax credit. Read all about it in this Tax Tip.
A New Twist on Your Favorite Game Show
“You’ve just won a brand new car!” But who pays the taxes? Find out in this week’s Tax Tip.
Make Moves Today to Secure 2015 Tax Credits
Bil Lako CFP® explains how you can apply for a Georgia tax credit that also nets you a federal tax deduction! Read the Article in Today’s Marietta Daily Journal
Converting from C Corporation to S Corporation
Consider electing S corporation status if the shareholders want to avoid double taxation on the earnings. Learn more in this Business Tip.