GIFTS AND TAXES: A Tutorial
Leaving a financial legacy is a wonderful achievement. However, there’s something to be said for sharing the wealth when you can experience the joy of… Read More »GIFTS AND TAXES: A Tutorial
New york state taxes and Federal taxes have different rules. Personal and Business Income Tax Preparation and Planning
Leaving a financial legacy is a wonderful achievement. However, there’s something to be said for sharing the wealth when you can experience the joy of… Read More »GIFTS AND TAXES: A Tutorial
If you, your spouse, or one of your dependents is heading off to college this fall, you may be able to claim some education expenses… Read More »Take Advantage of College Tax Credits
The ABCs of HSAs Health savings accounts (HSAs) have been available since 2004, but they’ve become more popular recently. HSAs offer income-tax advantages that can… Read More »Understanding Health savings accounts (HSAs)
Until you have a child applying for or attending college, the high costs may not seem real. That changes quickly when paying for college becomes… Read More »Shop Around for Tax Breaks on College Expenses
One reason small business owners like the S corporation tax structure is because profits generally aren’t taxed at the corporate level. They “pass through” and… Read More »S Corporation Compensation and the IRS
With summer fast approaching, some businesses are looking ahead to their busiest time of the year. Below are some reminders for businesses that intend to… Read More »Seasonal Employees and Your Taxes
A tax deduction reduces the amount of income subject to tax, while a tax credit is a dollar-for-dollar reduction in tax liability. A tax credit… Read More »What’s the difference between a tax deduction and a tax credit?
Before hiring individuals to work as independent contractors, businesses should make sure they are on solid ground treating the workers as contractors rather than as… Read More »EMPLOYEE or Independent CONTRACTOR?
When you invest, your main focus should be achieving your financial goals, not avoiding taxes. That said, if an investment decision causes your tax bill… Read More »MINIMIZING THE TAX BITEon Your Investments
The IRS has an online tool called “Where’s My Refund?” at www.irs.gov or you can use the IRS2Go mobile app, which is available for free… Read More »Is there a way I can check on the status of my tax return and tax refund?