You have filed your 2016 tax return, but you probably still have questions. Here are a few of the most common post-filing questions the IRS answers. [Read more…]
If employees are your company’s best assets, you might want to invest in finding the best ones.
Can’t finish your federal income tax return by the April 18 deadline? There’s still time to get an automatic six-month extension. [Read more…]
It’s that time of year when you are getting ready to sort out last year’s financial records and prepare for this year’s recordkeeping. Do you know what you should keep and what can you throw away? Here are some suggestions.
Many people think of a “dependent” as a minor child who lives with you. This is true, but it’s important to remember dependents can include parents, other relatives and nonrelatives, and even children who don’t live with you. [Read more…]
The difference between your tax bracket and your tax rate is more than a trick question. For example, knowing your tax rate gives you an accurate reflection of your tax liability in relation to your total income. Knowing your tax bracket is useful for planning purposes. For instance, you may want to spread a Roth conversion over several years in order to stay within the income limits of a particular tax bracket.
You may not have thought much about the alternative minimum tax, or AMT, since Congress passed a law that permanently fixed the exemption. But the tax, which you calculate separately from your regular tax liability, is still around. Here’s how the AMT might apply to your 2016 tax return.
Can’t itemize? You can still claim some expenses on your 2016 federal income tax return. Here’s how you can benefit.
This article explains the tax impact of health insurance premiums paid on behalf of greater than 2% shareholder/employees in an S corporation.
Out with the old, in with the new. No matter whether you apply the expression to changes in attitude or to life adjustments, the end of the year is a great time to assess your household finances and prepare for new opportunities. Here are suggestions.