- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Table of Contents Avoid or Defer Income Recognition Max Out Your 401(k) or Similar Employer Plan If You Have Your Own Business, Set Up and Contribute to a Retirement Plan Contribute to an IRA Defer Bonuses or Other Earned Income Accelerate Capital Losses and Defer Capital Gains Watch Trading Activity In Your Portfolio Use the […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Don’t overpay your income taxes by overlooking expenses which you are entitled to deduct. Use this Financial Guide to ensure you are handling your business travel and entertainment costs in a tax-wise manner. Table of Contents Travel Expenses Entertainment Expenses How Do You Prove Expenses Are “Directly Related”? How Do You Meet The “Associated With” […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
If you have a household employee, you may need to pay state and federal employment taxes. Which forms do you need to file for your household employees? Is your maid, housekeeper, or babysitter covered by the rules? This Financial Guide provides the answers to these and other questions. Table of Contents Who is a Household […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Various tax benefits, including tax exemption, tax deferral, tax credits, and deductions, are available if you are paying or saving for college or other higher education costs. This Guide suggests ways to take advantage of these benefits. Table of Contents Coverdell Education Savings Accounts (Section 530 Programs) Qualified Tuition Programs (Section 529 Programs) Traditional and […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Many tax benefits are available to you when you sell your principal residence. However, the rules are complex and personal guidance is necessary to take full advantage of these benefits, so that you and your tax advisor can best work together to minimize the tax on the gain. This financial guide discusses the key rules […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
This Financial Guide explains when and to what extent points paid on the purchase of a home or on a refinancing are deductible. It explains the rules for deducting points and discusses special circumstances and situations. Table of Contents What Are Points? Tests for Deductibility Non-Deductible Amounts Points Paid By Seller Funds Provided Are Less […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Annuities may help you meet some of your mid and long-range goals such as planning for your retirement and for a child’s college education. This Financial Guide tells you how annuities work, discusses the various types of annuities, and helps you determine which annuity product (if any) suits your situation. It also discusses the tax […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
When must you start withdrawing the funds in your retirement plans? And what happens if the funds aren’t withdrawn before you die? To what extent will your heirs be taxed? The rules are complex but there are ways the savvy taxpayer can maximize the tax shelter. Table of Contents Withdrawal While You’re Alive Withdrawal After […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
If you are thinking of retiring soon, you are about to make a major financial decision: how to take distributions from your retirement plan. This Financial Guide will discuss your various options. And, since the tax treatment of these distributions will influence your decision, we will also review the tax rules. Table of Contents Take […]
- October 29, 2013
- admin
- Guides, Strategies, Tax Strategies for Individuals
Roth IRAs differ from other tax-favored retirement plans, including other IRAs (called “traditional IRAs”), in that they promise complete tax exemption on distribution. There are other important differences as well, and many qualifications about their use. This Financial Guide shows how they work, how they compare with other retirement devices–and why YOU might want one, […]