Many financial decisions have a tax implication, and the timing and methodology of the payment may impact that tax implication. Tax planning is the method by which we sit down with our clients and help them understand the implications of their actions, helping them make better informed decisions. Tax planning can help you engage in tax avoidance, by arranging your business affairs to minimize your taxes due.
2015 is almost over but there are still some ways to make the best of your tax situation before New Year’s is here. Spoiler-number 6 is the most important! 1. [...]
Today I called the IRS regarding a client's amended tax return. The agent told me that due to backups caused by the government shutdown amended returns will take 12 to [...]
Passive Activities Code Section 469 defines passive activities as "any activity which involves the conduct of any trade or business, and in which the taxpayer does not materially participate." This [...]
If you make quarterly estimated payments, the fourth payment for 2012 is due today, January 15, 2013. If you need a voucher and instructions for filing estimated tax payments they [...]
I am so excited to share with everyone the post I wrote for Kveller.com! This post is about 529 savings plans for paying for education. Find the article here. Follow [...]