Small Business Tax Strategies

The wash-sale rule.

{ 0 comments }

If you’re doing your annual spring cleaning, remember that one person’s junk is another person’s treasure. Be tax smart when donating your used clothes, toys, furniture and other items to a local charity.

{ 0 comments }

It’s tough to qualify for a medicalexpense deduction, but it’s not impossible.

{ 0 comments }

A major 2004 tax-law change put some real teeth into the “constructive receipt” rules for nonqualified deferred-compensation plans. In short, it set new requirements for employees to be able to postpone federal income tax on future payments earmarked for them under deferred-comp plans.

{ 0 comments }

With college and private school tuition continuing to soar, you may be helping to pay your grandchildren’s tuition. The problem: You’ll typically have to use part of your $1 million lifetime gifttax exemption when monetary gifts to one person exceed the annual gift-tax exclusion.

{ 0 comments }

Do reward points count towards taxable income?

{ 0 comments }

“I’m from the government, and I’m here to help.” It may be the punch line to an old joke, but it can also be a valuable message that small business owners overlook.

{ 0 comments }

Paying taxes on a 1099.

{ 0 comments }

Should you name the beneficiary on your IRA document?

{ 0 comments }

How contest winners should report their windfalls.

{ 0 comments }