Venise Maybank, MST, discusses filing a tax extension and what you need to know before the tax deadline including: • Tax filing and the importance of filing an extension • Reasons for filing an extension • How and when to get tax extensions • Forms for filing an extension and timeline • Tax Extensions for …
April is right around the corner. And we all know April brings more than just spring showers. But what if, instead of owing money to the IRS, you received a refund? Fortunately, there are some simple strategies you can use to maximize your tax savings. Tax Loss Harvesting Tax loss harvesting is the selling of …
There is a powerful tax-deferral strategy used by many successful businessmen and investors that can allow you to easily side-step real estate taxes and keep more cash in your pocket in the process. At the same time, you get to keep real estate assets as a key part of your diversified portfolio. If that sounds …
The SECURE Act (Setting Every Community Up for Retirement Enhancement Act), part of the government’s spending bill, was passed and signed into law on Friday, December 19, 2019. It is the product of a bipartisan effort intended to strengthen retirement security across the country as Americans today have a longer life expectancy and are largely …
It’s a New Year, which means tax season is coming up fast, just a few months away. And that means it is crunch time for tax professionals all across America. Many people are probably scrambling right now to gather all their books, records, bank statements and receipts that a tax professional will need to file …
Tom Gibson, CPA, discusses the most important things you must do before December 31st to maximize your 2019 tax savings, including: Maximizing the home office deduction calculation and reimbursing your expenses Blending your company’s annual meeting into your vacation Incorporating an alternative bonus plan and the utilization of achievement awards Appropriately transferring funds via tax-free …
Small business owners need to be available nearly 24/7 in today’s connected world because there’s always just one more task to take care of. If this accurately describes you, then here’s the good news: You may be able to save a bundle on your taxes by making effective use of the home office deduction. It’s simple. …
“Single best gift congress has ever presented to the American taxpayer.” “Build retirement accounts over the long-haul to incredible size.” “Remain free of income tax forever.” – Ed Slott – IRA Expert and NYT Best Selling Author There are many additional benefits to establishing a Roth IRA over and above the advantages you get with …
Thomas Goldman, III, discusses the steps necessary to ensure you are not at risk of piercing the corporate veil and the ramifications of the veil being pierced.
If you have recently purchased or remodeled any property, or you’re planning to, you’ll want to find ways to cut costs and minimize your tax liability wherever possible. A Cost Segregation study is one way to drastically reduce the depreciation period for certain building or remodeling costs and boost your cash flow in the process. …
