Are you having trouble scraping up the cash for an IRA contribution this year? The solution may be right under your nose. Strategy: Use your tax refund to fund your IRA contribution. Simply file your '08 return early, claiming the amount you intend to contribute.
Small Business Tax
Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?
Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.
The new federal bailout law extends and modifies several energy-saving tax incentives for businesses and individuals. Many of these extensions go beyond the usual two-year limit for other tax breaks.
Q. My mother sold some mutual fund shares, and we’re transferring the proceeds to a bank account. If I’m listed as a joint owner, will I be taxed on the future interest?
Q. I’m starting up a one-person LLC. Can I use a solo 401(k) for this business?
It looks like the IRS is putting the kibosh on private tax collections. The concept—which was authorized by the American Jobs Creation Act of 2004—has drawn flak ever since it was instituted.
If your child is in college, he or she may be planning to move off-campus at some point. At the same time, you could be looking to buy real estate to shelter your income. Here’s how to kill two birds with one stone.
The economy may be shaky, but employee confidence that their paychecks are accurate remains firm, according to the National Payroll Association, which recently conducted a “Getting Paid in America” survey.
Q. My brother died at age 68. I am age 66 and the beneficiary of his IRA. I want to start withdrawals over my life at age 70½, but the bank says I must empty out the IRA in five years. Is this true?
Faced with rising costs, Quality Environmental Professionals Inc. scrambled to find ways to cut costs without laying off staff. But when the CEO tried to cut into the doughnut budget, employees balked. Employees offered to work an extra hour or two each week to ensure the continued flow of doughnuts ...
Q. I read that you could deduct home-office expenses based on the number of rooms in the home. Is that correct?