Tax Tip: Learn how to employ your children!
Paying wages to a child can be an effective income-shifting strategy for a taxpayer who owns a business or income-producing property. However, a child’s […]
Tax Tip Tuesday – Dependent Exemption Phaseouts
Under the Personal Exemption Phaseout (PEP) rule, personal and dependent exemptions for 2015 are reduced by 2% for each $2,500 (or portion thereof) that […]
Tax Tip Tuesday – Vacation Homes
Tip: Know the whole story regarding vacation homes! If your personal use of the vacation home for the year exceeds the greater of (a) […]
Tax Tip Tuesday – Donating Stocks
Tip: Consider donating appreciated securities (stocks) instead of writing a check! When you donate appreciated securities (stocks) you have owed more than one year […]
Tax Tip Tuesday
TAX TIP TUESDAYS! TIP: Keep accurate records of travel and entertainment business expenses! The tax law allows you to deduct travel and entertainment expenses […]
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