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 tax law allows you to roll over funds from one traditional IRA to another tax-free. But you can only use this technique once a year. Strategy: Apply the once-a-year limit to all your IRAs.
If you itemized deductions last year, any state income tax refund you received is taxable on your 2013 return. Report it on Line 10, Form 1040.
Was your company forced to downsize its staff the past few years while the economy struggled? Strategy: If your company paid Social Security and Medicare taxes on severance payments to discharged employees, consider filing a protective refund claim before April 15.
The April 15 deadline for filing your 2013 individual federal income tax return is fast approaching. Pay close attention to details. In particular, be prepared to deal with some new twists and turns.
Q. My father passed away in 2013 with all his property going to my mother. Do I have to file an estate tax return?
Latest development: The IRS has launched a pilot program in Florida, Georgia and the District of Columbia where some individual filers can apply for a protected personal identification number.
On Feb. 26, House Ways & Means Committee Chairman Dave Camp, R-Mich., released his long-awaited draft of new tax reform legislation.
Ty Warner, founder of the Beanie Babies, was found to have evaded taxes of more than $3.3 million by hiding funds in foreign accounts.
Q. I’m taking an RMD from an IRA. Can I contribute it to a Roth IRA?
The IRS recently announced that the 2013 audit rate for individual returns dropped to 0.96%, or one out of every 104 returns that were filed, down from roughly 1% in 2012.