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Category Archives: Tax

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Feb152013

Compensating Yourself with Wages

Blog, Business Owner/Self Employed, TaxBy Henssler FinancialFebruary 15, 2013

If you own a business, you likely receive compensation through wages and dividends. But which is better? Find out in this Business Tip.

Feb132013

Don’t Forget to Report Those Foreign Financial Assets!

Blog, TaxBy Henssler FinancialFebruary 13, 2013

The penalty for failing to report specified foreign financial assets for a tax year is $10,000! Learn more in this week’s Tax Tip.

Feb82013

IRS Officially Begins Tax Season

Blog, In The News, TaxBy Henssler FinancialFebruary 8, 2013

2012’s tax act made some rules retroactive for 2012, causing a delay in filing and for the IRS to process returns. Read our article in today’s Marietta Daily Journal This article is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be…

Feb72013

Moving Expenses

TaxBy Henssler FinancialFebruary 7, 2013

Some moving expenses may be tax deductible if you meet certain tests from the IRS.

Feb72013

Itemizing Deductions—What You Can and Cannot Deduct

TaxBy Henssler FinancialFebruary 7, 2013

If it’s tax time, you are certainly looking for deductions. There are many legitimate deductions that include certain medical expense, unreimbursed employee expenses and even tax preparation fees.

Feb72013

Retirement Savings Contributions Credit

TaxBy Henssler FinancialFebruary 7, 2013

Low-and moderate income workers who contributed to a retirement plan, such as an IRA or 401(k), may be able to take the savers credit.

Feb62013

Relief for the Travel and Entertainment Headache

TaxBy Henssler FinancialFebruary 6, 2013

Deducting travel and business expenses can be hard to keep up with. Luckily, the IRS will allow you to deduct unreimbursed expenses on a per-diem method.

Feb62013

Tax Freedom Day

TaxBy Henssler FinancialFebruary 6, 2013

Ever wonder how many days in a year you have to work to fulfill your income tax obligation? Wonder no more.

Feb62013

Social Security Benefits and Potential Tax on Benefits

TaxBy Henssler FinancialFebruary 6, 2013

Social Security has transformed many times since 1935 becoming more than just continuing income for the retired worker.

Feb62013

Property Acquired by Gift or Through an Estate

TaxBy Henssler FinancialFebruary 6, 2013

The recipient of a gift or a bequest pays no gift or estate tax. If taxes are due, they payable by the donor (the person making the gift) or the estate in the case of a decedent.

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