Use It or Lose It: Your 2024 Gift Tax Annual Exclusion
Nov 8, 2024 | Tax Tips
As the year winds down, you may want to combine estate planning with tax savings by taking advantage of the gift tax annual exclusion. It allows you to give cash or property up to a specified amount to an unlimited number of family members and friends each year...Recovering Lost Documents and Receiving Tax Relief After a Natural Disaster
Nov 8, 2024 | Tax Tips
It’s common for individual and business taxpayers to lose financial records during a natural disaster. Unfortunately, you usually need such records to document losses for your insurance company and to qualify for federal assistance. But if you visit the IRS website...An IRA Withdrawal Strategy with Tax-Reducing Power
Oct 4, 2024 | Tax Tips
As the year winds to a close, your chance to lower your 2024 tax bill also winds down. If you’re age 70½ or older, you may want to make a qualified charitable distribution (QCD) from your IRA before year end. Normally, distributions from a traditional IRA are taxable....Factoring the QBI Deduction into Year-End Tax Planning for Your Business
Oct 4, 2024 | Tax Tips
Thanks to the Tax Cuts and Jobs Act, sole proprietors and owners of pass-through entities, such as partnerships, S corporations and, generally, limited liability companies, may be able to claim tax deductions based on their qualified business income (QBI) and certain...Added Protection for Your Personal and Financial Information
Oct 4, 2024 | Tax Tips
Protection is key when guarding your personal and financial information from fraudsters. That’s why the IRS offers a vital tool, the Identity Protection Personal ID Number (IP PIN). The IP PIN is a six-digit number you can apply for voluntarily. It’s known only to you...Tax Due Dates for
Feature Articles
Tax Tips
- Seniors: A Tax-Wise Alternative to Selling Your Appreciated Home
- Use It or Lose It: Your 2024 Gift Tax Annual Exclusion
- Recovering Lost Documents and Receiving Tax Relief After a Natural Disaster
- An IRA Withdrawal Strategy with Tax-Reducing Power
- Factoring the QBI Deduction into Year-End Tax Planning for Your Business
QuickBooks Tips
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