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January 30, 2024 Planning for Net Investment Income TaxesThe 3.8% net investment income tax (NIIT) is an additional tax that applies to some higher-income taxpayers on...
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January 15, 2024 Make the Most of the General Business CreditTax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income,...
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January 2, 2024 Shield life insurance proceeds from estate tax with an ILITLife insurance can provide peace of mind, but if your estate will be large enough that estate taxes...
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December 19, 2023 Planning an exit strategy for your businessTips to maximize value and minimize taxes Every business owner should have an exit strategy that helps recoup...
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December 5, 2023 Private Foundations vs. Donor-Advised FundsWeighing your charitable giving options If leaving a charitable legacy is important to you, you may be thinking...
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November 21, 2023 Can you deduct 2024 bonuses this year?You may be familiar with the rule that permits a business to deduct employee bonuses this year if...
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November 17, 2023 Obscure and Overlooked Tax Deductions, Credits, and BenefitsAs tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to...
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November 17, 2023 Using the Home Sale Gain Exclusion for More than Just Your HomeWith careful planning, and provided you follow the rules, the tax code allows you to use the home...
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November 17, 2023 Home Energy Audit Tax BenefitsHave you been thinking of making home improvements? If so, and they include energy saving improvements, you may...
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November 17, 2023 Business Succession PlanningThe Importance of Business Succession Planning Every business – large and small – needs a business succession plan....