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Category Archives: Tax

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May242013

What are the new Section 179 expensing and bonus depreciation rules for 2013?

Blog, Business Owner/Self Employed, TaxBy Henssler FinancialMay 24, 2013

Business owners: You have to spend money to make money. You still have tax perks to make business purchases. Read all about it in this Business Tip.

May222013

Did You Overlook Something on a Prior Tax Return?

Blog, TaxBy Henssler FinancialMay 22, 2013

Failing to report an item of income can often generate an IRS inquiry. Solution? File an amended return. Read all about it in this Tax Tip.

May202013

2013 Will Hit Higher-Income Taxpayers Hard—Be Prepared (Part 3)

Blog, TaxBy Henssler FinancialMay 20, 2013

Warning to high income earners: You may be subject to surtaxes on certain wages and investment income. Read more in this Tax Strategist.

May152013

President’s Proposed Tax Changes for 2014

Blog, TaxBy Henssler FinancialMay 15, 2013

The President’s budget proposal aims to limit tax deductions and increase small-business retirement plan participation. Learn more in this Tax Tip.

May12013

Beware of Bogus IRS Emails

Blog, TaxBy Henssler FinancialMay 1, 2013

Just because your taxes are done doesn’t mean tax scams are over. Remember, the IRS will not contact you by email. Read more in this Tax Tip.

May12013

Taxation of Master Limited Partnerships

Blog, TaxBy Henssler FinancialMay 1, 2013

Master Limited Partnerships (MLP) are a type of limited partnership that is publicly traded. The advantage of an MLP is that it combines the tax benefits of a limited partnership with the liquidity of a publicly traded company. We explain how MLPs can greatly complicate a tax situation.

Apr242013

Tax Breaks for Charity Volunteers

Blog, TaxBy Henssler FinancialApril 24, 2013

If you are wining and dining a potential large contributor on behalf of a charity, the cost is tax deductible. Learn more in this Tax Tip.

Apr172013

Checking the Status of Your Federal Tax Refund is Easy

Blog, TaxBy Henssler FinancialApril 17, 2013

IRS2Go is the IRS’ first smartphone application that let’s taxpayers check on the status of their tax refund. Learn more about it in this Tax Tip.

Apr162013

Estate Tax After the Fiscal Cliff

Blog, TaxBy Henssler FinancialApril 16, 2013

The 2012 Tax Act permanently extended gift tax and estate tax applicable exclusion amount portability between spouses. Read all about it in this Financial Tip.

Apr122013

Are You Collecting the Needed W-9s?

Blog, Business Owner/Self Employed, TaxBy Henssler FinancialApril 12, 2013

It’s good practice to have independent contractors complete and sign IRS Form W-9 the first time you use their services. Learn why in this Business Tip.

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