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.
With the alternative minimum tax (AMT) becoming a maximum nuisance for many taxpayers, it’s smart to recognize the AMT danger zones early.
Claiming alimony deductions for the value of a house during an acrimonious divorce proceeding.
Cashing in Series EE bonds as co-owners
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.
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?
You’ve worked hard to build up a nest egg to leave to your heirs. But have you considered the possibility of an extended stay at a nursing home?
Thanks to a new law passed last year, you can take a lifetime tax credit up to $500 for the cost of energy-efficient improvements to your home. The key word is credit, which is a dollar-for-dollar reduction of your tax bill—much better than a simple deduction.
Most states allow you to take a tax deduction or credit for buying long-term care insurance. Here’s a breakdown of those tax breaks, according to an AARP analysis.
Don’t close the books on the 2005 tax year just yet. Higher-income families who filed for an extension on their individual returns may still be able to slip through a newly discovered, unintended tax loophole to trim even more taxes.