Direct tuition payments benefit your grandchild and your estate plan
Grandparents often want to play a role in financing their grandchildren’s education.
Read MoreWho can — and who should — take the American Opportunity credit?
If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return.
Read MoreMake sure the IRS won’t consider your business to be a “hobby”
If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or invest
Read More2016 IRA contributions — it’s not too late!
Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017.
Read MoreFiling deadline rapidly approaching for flow-through entities
The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnership
Read MoreWhen it comes to charitable deductions, all donations aren’t created equal
As you file your 2016 return and plan your charitable giving for 2017, it’s important to keep in mind the available deduction.
Read MoreSEPs: A powerful retroactive tax planning tool
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t current
Read MoreIs annual financial reporting enough?
Businesses generally issue year-end financial statements to let investors and lenders evaluate their financial health.
Read More2016 charitable deductions: Substantiate them or lose them
Sharing your wealth with a favorite charity can benefit those in need and reduce your taxable estate.
Read MoreWhat you need to know about the tax treatment of ISOs
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on the
Read MoreTake small-business tax credits where credits are due
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable.
Read MoreThe investment interest expense deduction: Less beneficial than you might think
Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible
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