Common Misconceptions About RMDs
RMDs don’t have to be complicated, but misinformation can make them seem harder than they are. Knowing the facts helps you plan ahead and avoid unnecessary penalties.
5 Potential Tax Breaks to Know Before Moving a Parent into a Nursing Home
If you have a parent moving into a nursing home, taxes are probably not on your mind. However, there may be tax breaks.
What Types of Real Estate Can You Hold in an IRA?
Most investors know they can hold stocks, bonds, and mutual funds in their retirement accounts. But fewer realize that a Self-Directed IRA opens the door to something far more tangible: real estate. And we’re not just talking about Real Estate Investment Trusts...Six Reasons to Use IRAs for Real Estate Investing
Did you know you can use your IRA, or even someone else’s, to invest in real estate? Self-Directed IRAs open the door to a wide range of opportunities beyond Wall Street. Here are six reasons why real estate belongs on your retirement investment radar:
Do You Owe Estimated Taxes? If So, When Is The Next One Due?
Certain taxpayers generally must make quarterly estimated tax payments to avoid a penalty. Here are the rules, along with when the next payment is due.
Business Website Expenses: How They’re Handled For Tax Purposes
When developing your business’s website, how do you handle the expenses for tax purposes? Here are the basic rules.
How Are Series EE Savings Bonds Taxed?
If you own Series EE bonds, take a look at the issue dates to see if the bonds are no longer earning interest. Here’s how bond interest is taxed.
Six Tax Issues To Consider If You’re Getting Divorced
Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.
Planning Your Estate? Don’t Overlook Income Taxes
The federal estate tax exemption is currently $13.61 million, so you may want to think more about saving income taxes for your heirs (rather than worrying about estate taxes).
Consider Borrowing From Your Corporation But Structure The Deal Carefully
Closely held corporation owners: If you need money for personal expenses like a new car or home improvements, consider borrowing from the business. But follow these tips to avoid adverse tax consequences.