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  • Tax benefits for adoption expenses

    June 2013
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 245

    Abstract: Taxpayers with certain eligible adoption expenses can benefit at tax time by claiming either a tax credit or, if their adoption expenses are reimbursed by their employer, an income exclusion for the reimbursement. The income exclusion is only available if their employer maintains an adoption assistance program. The credit and exclusion are subject to a dollar limitation and phaseout for taxpayers whose income exceeds certain thresholds. This article discusses the credit in regard to qualifying adoption-related expenses, including as they pertain to special-needs children.

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  • Maximizing the deduction for start-up expenses

    December 2012
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 245

    Abstract: Individuals starting a new business or acquiring the assets of an existing business often incur start-up expenses, which can be considerable, in the investigation and acquisition phase before actual business operations begin. This article explains the circumstances in which those expenses can be deducted.

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