Income Tax

Posted on March 1, 2013

More Estate Planning Opportunities Forecasted for Roth 401(k)s

A new study reveals more employers will offer Roth 401(k)s to their employees in 2013. About a third of all employers surveyed…

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Category: Income Tax
Posted on December 18, 2012

Singles & Couples: Muni-Bond Tax Breaks Disappearing–Maybe

What may become part of the “fiscal cliff” drop—and if not, it will be on the 2013 agenda—is the elimination of municipal-bond…

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Category: Income Tax
Posted on September 7, 2012

Top Income Tax Return Mistakes in 2012

The IRS has compiled a list of the top five errors on on 2012 income tax returns, both taxpayer-prepared and those prepared…

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Category: Income Tax
Posted on July 14, 2012

Self-Directed IRAs – Exercise Caution

A self-directed IRA is an IRA held by a custodian that allows investments in a broader class of assets than allowed by…

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Category: Income Tax
Posted on July 2, 2012

Supreme Court Clears Way for Affordable Care Act Taxes

The Supreme Court’s recent decision to uphold the Affordable Care Act will have considerable tax consequences for both high-income as well as…

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Category: Income Tax
Posted on June 29, 2012

New IRS Procedures Help U.S. Citizens Living Abroad

The IRS has announced plans for new streamlined procedures that will allow U.S. citizens residing overseas, including dual citizens, to get current…

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Category: Income Tax
Posted on June 26, 2012

Keep Track of IRS Rules on IRAs and Other Retirement Accounts

Owners of individual retirement accounts might face increased scrutiny by the IRS in the near future, posing the danger of hefty penalties…

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Category: Income Tax
Posted on April 11, 2012

College Expense Tax Benefits

The IRS has just issued a Last Minute Reminder to Parents and Student; Don’t Overlook College Tax Benefits.  It provides a good…

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Category: Income Tax
Posted on April 9, 2012

Haven’t Filed Your Taxes Yet? Here are Some Tips

While no substitute for the advice and assistance of a tax professional, The American Institute of Certified Public Accountants (AICPA) offers 10 Tips…

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Category: Income Tax
Posted on January 30, 2012

S Corporation Service Firm Owners Beware

S Corporation owners who are service providers often take a low salary so that they can receive most of the firm’s profits…

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Category: Income Tax
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