What Happens if an Individual Can’t Pay Taxes?
Tax liabilities don’t go away if left unaddressed. Here’s a look at what happens in the event you (or someone you know) can’t pay taxes on time.
It’s a Good Time to Buy Business Equipment and Other Depreciable Property
The Section 179 deduction and bonus depreciation for business assets have been increased and expanded. Learn more about these valuable tax breaks.
If Your Kids Are Off to Day Camp, You May be Eligible for a Tax Break
If you meet certain requirements, you may be eligible for a tax break on summer day camp expenses you pay for your child. Here is a rundown of the rules.
Key Deadlines for Businesses and Other Employers
Although you might want to enjoy the lazy days of summer, employers and businesses shouldn’t take it so easy that they miss these important Q3 2019 tax deadlines.
Donating Your Vehicle to Charity May Not be a Tax-Wise Decision
A tax deduction isn’t the only reason for donating a vehicle to charity. But if you’re counting on one, make sure you understand the rules. You may wind up with a small deduction or none at all.
Thinking About Moving to Another State in Retirement?
Many people dream of retiring to another state to take advantage of warm weather or to be close to loved ones. Before you call the moving truck, consider the impact of state and local taxes.
Make a Deductible IRA Contribution for 2018. It’s Not Too Late!
Have you made your 2018 IRA contributions? It’s not too late just because it’s 2019. But you must act fast.
3 Big TCJA Changes Affecting Your 2018 Individual Tax Return
There are three major changes that will impact many individual taxpayers, beginning when they file their 2018 income tax returns. And we’re not talking about tax rate cuts or reduced itemized deductions.
What Will Your Marginal Income Tax Rate Be?
The TCJA made changes to some of the middle income tax brackets that may negatively affect unmarried taxpayers and positively affect married taxpayers. Find out the potential impact on your rate for 2018 and 2019.
Tax Consequences for Gifting Assets
Because of the high exemption under the TCJA, few Americans have to worry about facing federal gift and estate tax liability in the next several years. But no matter your current net worth, it’s still important to be tax-smart when making lifetime gifts.