A Tax-Smart Way To Develop And Sell Appreciated Land
There may be a way to reduce a large tax bill if you own appreciated land that you want to subdivide and develop for sale. Here’s a three-step strategy.
Retirement Account Catch-up Contributions Can Add Up
If you’re eligible and not making catch-up contributions to your retirement plan, you’re missing out on building more tax-favored savings. Here are the rules of the road.
Inheriting Stock Or Other Assets? You’ll Receive A Favorable “Stepped-Up Basis”
When planning your estate or inheriting assets, it’s essential to understand the “step-up” basis rules. They can affect the taxes due on the sale of the assets.
That Email Or Text From The IRS: It’s A Scam!
Criminals keep coming up with new ways to try and steal information from taxpayers. Here are a few of their scams and how you can avoid them.
The Trust Fund Recovery Penalty: Who Can It Be Personally Assessed Against?
The Trust Fund Recovery Penalty is personally imposed on certain business owners and managers when employment taxes aren’t paid to the government. Here are the rules, along with two cases where individuals were held liable for the harsh penalty.
Are You Married And Not Earning Compensation? You May Be Able To Put Money In An IRA
If you’re married and don’t earn compensation, you may think you can’t contribute to a retirement plan. But you may be eligible for a spousal IRA. Here are the rules for 2023.
Are you married and not earning compensation? You may be able to put money in an IRA
If you’re married and don’t earn compensation, you may think you can’t contribute to a retirement plan. But you may be eligible for a spousal IRA. Here are the rules for 2023.
When can seniors deduct Medicare premiums on their tax returns?
Seniors who have Medicare insurance (including supplemental) know that it can be costly to get the desired coverage. If this is your situation, you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return.
When Can Seniors Deduct Medicare Premiums On Their Tax Returns?
Seniors who have Medicare insurance (including supplemental) know that it can be costly to get the desired coverage. If this is your situation, you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return.
Tax News For Investors and Users of Cryptocurrency
The IRS is asking more questions about cryptocurrency and digital assets and will soon be learning more information about those who invest in and use them.