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?
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See AllJust a reminder from Pub 225 from IRS: Generally all crop insurance proceeds you receive as a result of physical damage or reduction of income must be reported in the year received. You can elect to p
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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
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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
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