Those who have W-2 or retirement income can still take advantage of planning options to manage their taxable income. Directing Required Minimum Distributions to a qualified charity is a great way to get a tax saving benefit from the donations. Do you have a qualified health care plan that allows a health savings account? If so, are you contributing the most you can to reduce taxable income? What does your tax plan include?
IRS has reminded taxpayers who earn income and receive payment by credit card will be receiving a 1099-K if the transactions are over $600. The definition of what is taxable hasn't changed; however, d
Business owners buy and sell assets used in their business every year. There are many rules associated with each side of the transaction. However, a thorough review of what kind of assets purchased
A headline this morning caught my attention: "In the last 20 years, there have been more than 4,500 changes to the tax code. That's nearly two changes every three days!" (Thomson Reuters Tax Profess