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Clients should consider paying more deductible expenses before year-end if their total itemizable deductions will be close to their standard deduction amount.
October 15 -
The tax basis can change when homeowners compute depreciation, loss or gain for sales purposes.
October 8 -
Taxpayers face a 5% penalty if they fail to meet the deadline.
October 1 -
Establishing an S corporation would protect their profits from federal income taxes of more than 23.8%, an expert says.
September 24 -
While an asset protection trust can cover nursing home care expenses in retirement, growth of these investments can trigger a tax bill.
September 17 -
With the net unrealized appreciation, workers can roll some employer stock into a taxable brokerage plan.
September 3 -
Taxpayers are advised to thoroughly review their tax withholding to ensure there is enough to cover their 2019 bills.
August 13 -
Those who fail to meet the cutoff face a hefty penalty that could hit as much as 25% of their dues.
August 6 -
Clients often underutilize deductions for work-related technology purchases and travel expenses.
July 30 -
Contribution limits in a Roth IRA could shrink for couples after marriage.
July 23