Home  >  Financial Articles and Q&A  >  Topics  >  Accounting and Tax  >  Articles

Articles in Accounting and Tax

Whether you’re preparing your annual taxes, trying to minimize your tax liability, or preparing for an IRS audit, having a CPA or tax professional in your corner can drastically reduce the burden.
0 votes

Consider These Year-end Tax-Smart Financial Moves

by Richard Andrew Solt Level 10
With the holiday season upon us, you may be getting pretty busy. But once the holidays are over, you'll enter into a new season – tax season. The filing deadline for the 2017 tax year is April 17, 2018, but until that ...(more)
Comment   |  Nov 29, 2017
0 votes

Five Tips to Prepare For Taxes

by Martin A Federici Level 6
It’s that time of year – tax preparation season will be here before you know it!  I’m sure some of you dread this time of year, but I’ve got a few suggestions that can make it a bit more bearable and help you in the ...(more)
Comment   |  Jan 09, 2017 from Dallas, PA
0 votes

LLC tax deductions list for your small business

by Edin Cuskovic Level 8
Your LLC and the tax man  You started a business and decided to form an LLC.  The legal protections LLCs offer over a sole proprietorship are worth the couple hundred bucks you spent, and now you’re up and running and ...(more)
Comment   |  Dec 19, 2016
0 votes

2016 W2 form is due to the IRS by January 31

by Edin Cuskovic Level 8
2016 W2 form and 1099 MISC form is due to the IRS by January 31 by Employers.  This is in contrast to previous years, in which companies had to report W2 forms to the IRS by the end of February.  Employees are still ...(more)
Comment   |  Jan 08, 2017
0 votes

Younger than 59 1/2 and need money from your IRA?

by Larry R Frank Sr Level 20
Most people are aware that they need to wait until they’re 59 1/2, or older, to withdraw money from their IRA without tax penalties. Many are unaware that they could, if needed, withdraw money from their IRA without ...(more)
Comment   |  Jan 20, 2016 from Roseville, CA
0 votes

Tax Planning Basics

by Nick Russell, CRPC Level 12
The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are three basic ways to reduce your taxes, and each basic method might have several variations. You can reduce your ...(more)
Comment   |  Mar 06, 2015
1 vote

RMD not removed in 2014? Here's how to correct it

by Arthur Vangeli, CFP Level 13
If your Required Minimum Distribution did not get removed as expected in 2014, the IRS has a process to help you correct it. We all recognize there's a 50% penalty imposed on the amount that was not properly removed, ...(more)
Comment   |  Feb 12, 2015 from Cedar Park, TX
1 vote

What's The Difference Between Marginal And Average Tax Rates?

by Dieter T. Scherer, Jr., CFP® Level 15
The United States's tax system is progressive. Basically, this means as your income increases, your income will fall into higher and higher marginal tax brackets.  Marginal tax is the tax you will pay on your next ...(more)
Comment   |  Sep 03, 2013 from Chester, MD
1 vote

Military Tax Benefit: Extension of IRS Deadlines

by Curt Sheldon, CFP®, EA, AIF® Level 20
Most military members that have served in a combat zone know that they have an extension for filing their income tax. The barracks lawyers and finance folks on base will let you know about that. But what a lot of ...(more)
Comment   |  Feb 19, 2013 from Alexandria, VA
1 vote

Planning on Claiming an Education Credit this Year? Take Your Time

by Curt Sheldon, CFP®, EA, AIF® Level 20
The IRS announced today that it will not start processing Form 8863 on 30 January along with other tax forms. Processing of Form 8863 will not begin until late February or early March. Here is what that means to ...(more)
Comment   |  Jan 28, 2013 from Alexandria, VA
0 votes

It's Phishing...I Mean Tax Season Again

by Curt Sheldon, CFP®, EA, AIF® Level 20
I was at a meeting of the local chapter of the National Association of Enrolled Agents last night and one of the other EA's in tha audience held up a document that looked very much like every IRS document I've ever ...(more)
Comment   |  Jan 24, 2013 from Alexandria, VA
0 votes

Buyer Beware...Again

by Curt Sheldon, CFP®, EA, AIF® Level 20
Not that long ago anyone with a pencil, calculator and the interest could prepare taxes for a fee.  Then the IRS stepped in and said that in the interest of consumer protection all individuals preparing taxes for a fee ...(more)
Comment   |  Jan 21, 2013 from Alexandria, VA
3 votes

ATRA (American Taxpayer Relief Act) Summary

by Kenneth Klabunde, MS, CFP® Level 14
Yesterday early in the morning, the Senate passed H.R.8, the "American Taxpayer Relief Act" by a vote of 89-8, and the House of Representative passed the bill later in the day by a vote of 257 to 167.  While the bill ...(more)
Comment   |  Jan 02, 2013 from Indianapolis, IN
  • posts per page
  • 20