Small Business Tax Strategies

The IRS has addressed the tax consequences of environmental cleanup costs in several rulings over the past few years. Although the details differ, the basic thrust is the same: Cleanup costs generally must be capitalized, which means your business earns no current tax benefit for the expenses.

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If you own a second home in a resort area and you’re using the place less often than before, why not turn that beach cottage or mountain cabin into a revenue producer by renting it out?

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With the alternative minimum tax (AMT) becoming a maximum nuisance for many taxpayers, it’s smart to recognize the AMT danger zones early.

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If you’re like most U.S. employers, you probably overpay some health care claims and provide coverage to employees or dependents who shouldn’t receive it. That’s because health insurers make more processing and payment errors than you’d expect.

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Most business leaders believe the key to being productive is working flat-out 100 percent all the time.

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In your business, all decisions are not created equal. Some are more vital to your company’s overall success than others. That’s why it’s important to identify those watershed decisions, and then put yourself in the right frame of mind.

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Claiming alimony deductions for the value of a house during an acrimonious divorce proceeding.

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Cashing in Series EE bonds as co-owners

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Have you reached the point where your “to do” list is so long that you can’t decide which task to tackle first? Learning to manage competing priorities is a critical skill for small business owners. Use this four-step process to tackle tasks more effectively.

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If you’ve invested a lot of your retirement plan funds in your employer company stock (including a company you own), you may be in line for a big future payday. When it comes time to retire, you can choose to cash out by having your retirement account sell the stock, or you might decide to simply take your payout in the form of company stock. Which is best?

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