Nov 27, 2019 | Income Tax
Taxable Social Security Benefits Some taxpayers have to pay federal income taxes on their Social Security benefits. This usually happens only if they have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must...
Nov 25, 2019 | Income Tax
Itemized Deductions for Homeowners The IRS defines a home as any house, condominium,cooperative, mobile home, boat, or similar property that has sleeping space, toilet facilities, and cooking facilities.Some homeowners qualify for these deductions. Real Estate Taxes...
Nov 21, 2019 | Income Tax
Yes, December 31 is just around the corner. That’s your last day to find tax deductions available from your existing business and personal (yes, personal) vehicles that you can use to cut your 2019 taxes. But don’t wait. Get on this now! Take Your Child’s Car and Sell...
Nov 21, 2019 | Income Tax
Here are five marriage, kids, and family strategies that you can put in play before the end of 2019. Put Your Children on Your Payroll If you have a child under the age of 18 and you operate your business as a Schedule C sole proprietor or as a spousal partnership,...
Nov 21, 2019 | Income Tax
When you get busy with your business, it’s easy to forget about your retirement accounts and medical coverages and plans. But year-end is approaching, and now’s the time to take action. Here are the six strategies that you can implement before the end of the year....
