Q: My husband died in an accident, and we received an accidental death benefit from his company's insurance plan. Is this benefit subject to estate tax? I'm receiving conflicting advice. J.S., via e-mail
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.
Q: About 10 years ago, I paid $750 to an attorney to prepare a living trust. Recently, I asked him to update the trust to reflect a change in real estate properties. He charged me $350—almost half the original cost!—so I sent him a check for only $100. He returned the check with a note suggesting I find another attorney. Was I wrong? L.S.C., via e-mail
Q: My son is a high school senior who will graduate in June. Is it too late to set up a Section 529 plan for him? N.R., Bordentown, N.J.
Q: You've mentioned U.S. Savings Bonds in recent articles. Is there one place where I can find out the changing interest rates and maturity dates for bonds that I own (without going to a bank)? R.J., Birmingham, Ala.
Small businesses think they need every customer they can get. Not true.
You're better off applying the "PIN," or pain-in-the-neck, test to identify customers who actually
your bottom line.
Rebates allow you to promote a lower "after rebate" price. But at least half of rebates are never claimed because consumers lose or throw away the rebate form, or they never bother to complete the paperwork and mail it, according to the FTC.
Did you lose your laptop or leave your briefcase in a cab? Offer a reward.
Don't get creative in your tax-reduction arguments. Filing a "frivolous" tax appeal merely to stall payment can earn you a stiff fine in court.
Tax-bill compromises are binding.
Beat back IRS challenge on company loans.
Don't let compensation deduction slip away.