Three Common Personal Income Tax Problems & What to Do
Are you self-employed? Did you move? Do you earn income in a state other than the one you live? If you answered yes, you might have one of these common personal income tax issues.
Are you self-employed? Did you move? Do you earn income in a state other than the one you live? If you answered yes, you might have one of these common personal income tax issues.
The “Money Talks” experts delve into a situation of two sons concerned their father’s assets will be left to his fourth wife, and “everything will work itself out.” They cover the importance of coordinating beneficiary designations as well.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how pass-through business entities may be able to make a payment to a rural hospital organization and pass a tax deduction on to the business owners.
Starting a business? Know what qualifies as a capital expenditure and a start-up cost, and which ones can be deducted.
A commonly encountered but often misunderstood issue is who claims the child or children for tax purposes. Read this before you make a serious mistake.
The late-2017 tax-reform package changed the rules for personal casualty losses, which now are only deductible if they occur in a federally declared disaster area. As a result, if a home is destroyed in a forest fire or other disaster within a declared disaster zone, the homeowner can claim a casualty loss on that year’s…
Since 2017, the Georgia HEART Program allowed taxpayers to make a donation to a qualified rural hospital organization (RHO) in Georgia and receive a tax credit on their Georgia income tax liability. Furthermore, these taxpayers were eligible to take an equal charitable deduction on their federal income tax return. This was a popular benefit for…
All self-employed taxpayers who have more than $400 in net profit from their self-employment must pay self-employment tax.
2020 will be here before you know it. Make sure you make time to assess your tax situation. We list 10 tax moves to consider between now and the end of the year.
In a 2019 Gallup poll, 25% of Americans age 50 to 64, and 23% of those age 65 and older, said health care costs were their top financial concern. Should you consider an HSA?