Q: In a recent article, you said people must start taking IRA distributions after turning 70 1/2 (See 3/8/04 issue) Are the rules different for Roth IRAs? J.C., via e-mail
Small Business Tax Deduction Strategies
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.
Is most of your money tied up in investments? You're certainly not alone. But that may create a cash crunch if you need funds in a hurry for an emergency or an unexpected expense.
Now that tax-filing season is over, ask yourself one simple question: How satisfied are you with your tax adviser?
Q: My son made lots of charitable contributions last year, but he usually uses only the standard deduction. Is it true that he can deduct charity deductions only if he itemizes on Schedule A? O.D., New York, N.Y.
Q: I recently acquired stock in a closely held company. Can I contribute the stock to my IRA? P.A., Hermosa Beach, Calif.
When switching business insurers, don't just weigh coverage and cost. Also check out the insurers' claims-filing procedures.
Did you buy a place in the country in the days before suburban sprawl? If so, you can nail down a tax deduction this year simply by agreeing to preserve the land in its pristine state.
Q: My company is being investigated for making illegal kickbacks. (I wasn't involved in the allegations.) If we are found guilty, are the payments at least tax deductible? No name, via e-mail
Take home more pay. If your teen works a summer job, taxes can put a dent in his or her take-home pay.