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Are you taking care of an elderly parent or relative? Whether it's driving to doctor appointments, paying for nursing home care or medical expenses,...
Many taxpayers opt for the standard deduction because it is easier. But sometimes itemizing your deductions is the better choice – often resulting in...
Here are more end-of-year tax planning strategies that might reduce your business tax liability: Small business health care tax credit. Small business employers with...
There are a number of end-of-year tax planning strategies that might reduce your business tax liability. Here are a few of them: Deferring income Businesses using...
Thanks to the passage of the Tax Cuts and Jobs Act (TCJA) last year, there's a new tax benefit for employers: the employer credit...
If you invest in rental real estate or are considering it, the IRS has provided guidance to those seeking to take advantage of the new Section 199A “pass-through” deduction.
There are several different ownership structures that can be used for family vacation homes, including a corporation, trust, tenants in common and limited liability company.
Under this new federal program, reinvesting in a qualified opportunity fund allows you to defer, and even reduce, the tax on your original gain and to avoid tax on future appreciation within the QOF.
You have a choice each year when you file your income tax return: take the standard deduction or itemize your deductions. That choice, however, is more complicated under the Tax Cuts and Jobs Act.
There are many potential benefits to electronic document storage. Perhaps the biggest is a reduction in the amount of paper that must be sorted, organized and stored manually.
The largest physical asset for many businesses is real estate, the buildings and land they sit on. Consider setting up separate ownership of the business and real estate to shield these assets from claims by creditors if the company ever files for bankruptcy.
If you do business in other states, you may have to begin collecting and remitting sales taxes to those states. The U.S. Supreme Court has ruled that states have the authority to collect sales taxes from out-of-state companies if a nexus exists.
If you do business in other states, you may have to begin collecting and remitting sales taxes to those states.
To fully understand the law's impact on your business, it's critical to evaluate the deductibility of certain benefits.
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