Small Business Tax Strategies

Under a new pact between the United States and Switzerland, Swiss banks may volunteer vital information about U.S. citizens so the banks can avoid criminal prosecution by U.S. authorities.

{ 0 comments }

In a recent article, we discussed exchanging real estate properties tax-free under Section 1031 of the tax code. However, in the real world, it’s unlikely that the owner of the property you desire will be willing to acquire a property you own, or vice versa. Strategy: Use a qualified intermediary to facilitate deals.

{ 1 comment }

A little-noticed rule change for restaurants and similar establishments could have a big impact next year.

{ 0 comments }

Q. My home sale profit will exceed $250,000. Can I avoid tax on the higher amount by selling in installments? N.P.S., Long Beach, Calif.

{ 0 comments }

Generally, you can deduct mortgage interest paid on your principal residence and one other home. In a new case, a couple can deduct mortgage interest for their motor home.

{ 0 comments }

Although ATRA finally resolved much of the uncertainty relating to federal gift and estate taxes, you’re not out of the woods quite yet. Strategy: Plan ahead to avoid the generation-skipping tax. This low-profile but potentially very expensive tax can hit wealth transfers that “skip” more than one generation.

{ 1 comment }

The tax law changes in 2013 for small business owners aren’t as monumental as those for individual taxpayers. But there are still plenty of tax-saving opportunities for businesses at the end of the year.

{ 1 comment }

Q. You say that you must adjust basis for a new business car on a trade-in. Is that also true for real estate exchanges?

{ 0 comments }

One tax loophole still on the books is large enough to drive a Jeep or Ford Explorer through it … literally. Strategy: Buy a heavy-duty sport utility vehicle (SUV) for your business. As long as you meet certain requirements, you can bypass the usual tax law limit.

{ 0 comments }

This is the year that permanent tax law changes finally came home to roost. ATRA, signed at the beginning of 2013, includes several key provisions that can have a significant impact on year-end tax planning. But for others, it could be “business as usual.”

{ 0 comments }

Page 20 of 249« First...10192021304050...Last »