February

Showing 1–16 of 41 results

  • Accounting for the near and the long term in a family budget

    February 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 275

    Abstract: A good family budget should be simple yet comprehensive. As this brief article explains, this objective can be accomplished by addressing both the near term (such as day-to-day items) and the long term (such as college educations and retirement).

    Read More

  • Own a pass-through entity? Beware the Ides of March

    February 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 404

    Abstract: “Beware the Ides of March.” Shakespeare’s words don’t apply just to Julius Caesar; they also apply to owners of pass-through entities such as calendar-year partnerships and certain S corporations and limited liability companies. Why? Because the Ides, March 15, is the federal income tax filing deadline for such entities. This article explains the details.

    Read More

  • Careful tax planning required for incentive stock options

    February 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 490

    Abstract: Incentive stock options are a popular form of compensation for executives and other key employees. They’re a nice perk, but careful tax planning is required because of the complex rules that apply. This article discusses their advantages and offers some tips on managing the tax impact on the 2019 tax year, as well as in the future.

    Read More

  • The TCJA effect: Qualified residence interest

    February 2020
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 559

    Abstract: The Tax Cuts and Jobs Act (TCJA) made a significant impact on the deductibility of various types of interest expense for individuals. One area affected is qualified residence interest. This article reviews the TCJA’s effect on this type of interest. A sidebar looks at the law’s impact on investment interest.

    Read More

  • Throwing snowballs at your mountain of debt

    February 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 252

    Abstract: Many people start the year intending to get out of debt, yet end the year owing just as much, if not more. This brief article explores a debt-reduction approach called “throwing snowballs,” which involves organizing debts from lowest to highest balance and knocking them down one by one.

    Read More

  • Fewer taxpayers to qualify for home office deduction

    February 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 381

    Abstract: Working from home has become commonplace in many industries but, beginning with the 2018 tax year, fewer taxpayers will qualify for the home office deduction. This article explains why and how to claim the deduction if you’re among the fortunate who are eligible to do so.

    Read More

  • You’ve got time: Small businesses can still set up a 2018 SEP plan

    February 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 478

    Abstract: Simplified Employee Pension (SEP) plans can be flexible and, well, simple vehicles that small businesses can use to offer retirement benefits to employees. This article explains how they work and reminds readers that there’s still time to set one up to benefit on a 2018 income tax return.

    Read More

  • Multistate resident? Watch out for double taxation

    February 2019
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 538

    Abstract: Contrary to popular belief, no federal law prohibits multiple states from collecting tax on the same income. This article raises some important points to keep in mind for those who maintain residences in more than one state (or may soon do so). A sidebar looks at some ways an individual can establish domicile in a new state.

    Read More

  • When an elderly parent might qualify as your dependent

    February 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 314

    Abstract: It’s not uncommon for adult children to help support their aging parents. Those in this position might qualify for an adult-dependent exemption on their 2017 tax returns. This article explores the basic qualifications and some important factors related to this tax break.

    Read More

  • Do you know the tax impact of your collectibles?

    February 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 415

    Abstract: They say one person’s trash is another person’s treasure. This may hold true when it comes to collectibles — those various objets d’art for which many people will pay good money. This article touches on some of the important points regarding how the sale or donation of collectibles could affect one’s 2017 tax return.

    Read More

  • Making 2017 retirement plan contributions in 2018

    February 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 490

    Abstract: The clock is ticking down to the tax filing deadline. The good news is that individuals may still be able to save on their impending 2017 tax bills by making contributions to certain retirement plans. This article looks at deadlines, limits and phaseout ranges for traditional and Roth IRAs, while also noting some important info about SEPs.

    Read More

  • Take a look at the domestic production activities deduction

    February 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 554

    Abstract: The domestic production activities deduction provides a tax break for certain “domestic production activities.” Unfortunately, many businesses tend to overlook it because they believe the tax break applies only to a few industries. This article points out that the deduction remains available to a wide range of businesses for the 2017 tax year and delves into some industry-specific details. A sidebar discusses IRS guidance on the W-2 wage limitation to taxpayers with a short taxable year as it applies to the domestic production activities deduction.

    Read More

  • Phaseouts and reductions: A tax-filing reminder

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 261

    Abstract: Some years, taxpayers can’t reap the full value of tax breaks they’ve claimed in the past. This brief article discusses the personal exemption phaseout and itemized deduction reduction, which can affect those whose AGIs have exceeded the applicable threshold.

    Read More

  • 4 myths about managing your debt

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 496

    Abstract: Debt is a reality for many Americans. Underestimating or ignoring one’s obligations can delay or even prevent you from accomplishing many financial goals. This article discusses four myths about debt management, including whether it’s wise to shut down all credit cards and the sometimes pragmatic utility of bankruptcy.

    Read More

  • Facing the tax challenges of self-employment

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 401

    Abstract: Today’s technology makes self-employment easier than ever. But the self-employed face some distinctive challenges when it comes to their taxes. This article suggests some important steps to take, including learning about liability and claiming the home office deduction.

    Read More

  • Consider separating real estate assets from your business

    February 2017
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 536

    Abstract: Many companies choose not to combine real estate and other assets into a single entity. There are justifiable legal reasons for doing so, but there are also potentially beneficial tax reasons for holding real estate in a separate entity. This article delves into the tax side, discussing how to avoid mistakes and maximize benefits. A sidebar looks at the advantages of separate entities for family businesses.

    Read More