The Election To Apply The Research Tax Credit Against Payroll Taxes
Does your startup business have little or no income tax liability? You may be eligible for a payroll tax credit election for increasing research activities.
Are You Ready for the 2021 Gift Tax Return Deadline?
April 18 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2021 gift tax return this April. (Note: you may want to file one anyway).
Married Couples Filing Separate Tax Returns: Why Would They Do It?
In general, married couples who file jointly save more money on taxes than those who file separate returns. However, there are situations when filing separately is a better option.
Did You Give to Charity in 2021? Make Sure You Have Substantiation.
If you’re deducting a charitable contribution on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t yet received a letter for a charitable donation you made in 2021? Here are the rules.
Smooth Sailing: Tips To Speed Processing and Avoid Hassles This Tax Season
Help speed processing and avoid hassles this tax season with these tips.
Help Safeguard Your Personal Information By Filing Your 2021 Tax Return Early
Want to get your tax return sooner and protect yourself from tax identity theft? File your tax return early.
How Will Revised Tax Limits Affect Your 2022 Taxes?
How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022.
Defer Tax with a Like-kind Exchange
With real estate prices up in some markets, the “like-kind” exchange strategy may be attractive if you want to sell commercial or investment real estate.
There’s A Deduction For Student Loan Interest…But Do You Qualify For It?
College is expensive and you may have taken student loans to pay for it. Can you deduct the interest you pay on these loans? Here are the rules.
Providing A Company Car? Here’s How Taxes Are Handled.
Providing a company car to executives at your business is a prized perk. Here are the basic tax rules involved in this fringe benefit.