Clik here to view.
Employers: Have you amended your FSA plan?
Health care Flexible Spending Accounts (FSAs) allow employees to redirect pretax income to an employer-sponsored plan that pays, or reimburses them for, qualified medical expenses not covered by...
View ArticleClik here to view.
Softening the blow of higher taxes on trust income
This year, trusts are subject to the 39.6% ordinary-income rate and the 20% capital gains rate to the extent their taxable income exceeds $12,150. And the 3.8% net investment income tax applies to...
View ArticleClik here to view.
Your 2013 tax return is filed. What tax records can you toss?
The short answer is: none. You need to hold on to all of your 2013 tax records for now. But this is a great time to take a look at your records for previous tax years and determine what you can purge....
View ArticleClik here to view.
Making the most of your business’s NOL
If during 2013 income tax return filing you found that your business had a net operating loss (NOL) for the year, the news isn’t all bad. While no one enjoys being unprofitable, an NOL does have an...
View ArticleClik here to view.
Your 2013 return may be your last chance for 2 depreciation-related breaks
If you purchased qualifying assets by Dec. 31, 2013, you may be able to take advantage of these depreciation-related breaks on your 2013 tax return: 1. Bonus depreciation. This additional first-year...
View ArticleClik here to view.
Don’t overlook reinvested dividends
One of the most common mistakes investors make is forgetting to increase their basis in mutual funds to reflect reinvested dividends. Many mutual fund investors automatically reinvest dividends in...
View ArticleClik here to view.
Home Office Deduction 101
If your use of a home office is for your employer’s benefit or because you’re self employed, you may be able to deduct a portion of your mortgage interest, property taxes, insurance, utilities and...
View ArticleClik here to view.
File Early To Reduce Your Risk of Tax Return Fraud
With the well-publicized security breach at major retailer Target recently, identity theft is likely on your mind. And stolen credit isn’t your only risk. In an increasingly common scam, identity...
View ArticleClik here to view.
Time for an Estate Plan Checkup
Now that we’re in the new year, it’s time for an estate plan checkup. Why? First, various exclusion, exemption and deduction amounts are adjusted for inflation and can change year to year, so it’s a...
View ArticleClik here to view.
Will Congress Revive Expired Tax Breaks?
Many valuable tax breaks expired at the end of 2013. But Congress probably will revive at least some of them, likely retroactively to Jan. 1, 2014. The question is exactly which breaks they’ll extend...
View ArticleClik here to view.
Smart timing of business income and expenses can save tax — or at least defer it
By projecting your business’s income and expenses for 2013 and 2014, you can determine how to time them to save — or at least defer — tax. If you’ll be in the same or lower tax bracket in 2014,...
View ArticleClik here to view.
Why you should max out your 2013 401(k) contribution
Contributing the maximum you’re allowed to an employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, is likely a smart move: Contributions are typically pretax, reducing...
View ArticleClik here to view.
Could Your Frequent Flyer Miles Be Taxable?
Now is the time of year when many Americans are using the frequent flyer miles they have built up from work-related travel or credit card rewards programs to take the family on a nice vacation. If...
View ArticleClik here to view.
Think Twice Before Taking An Early Withdrawal From A Retirement Plan
If you’re in need of cash, early retirement plan withdrawals generally should be a last resort. With a few exceptions, distributions before age 59½ are subject to a 10% penalty on top of any income tax...
View ArticleClik here to view.
Kids Going To Day Camp? You May Be Eligible For A Tax Credit
Day camp is a qualified expense under the child or dependent care credit, which is worth 20% of qualifying expenses (more if your adjusted gross income is less than $43,000), subject to a cap. For...
View ArticleClik here to view.
The New 0.9% Medicare Tax: Watch Out For Withholding Issues
Under the health care act, starting in 2013, taxpayers with earned income over $200,000 per year ($250,000 for joint filers and $125,000 for married filing separately) must pay an additional 0.9%...
View ArticleClik here to view.
Tax Consequences To Consider Before Pulling Your Home On The Market
When you sell your principal residence, you can exclude up to $250,000 ($500,000 for joint filers) of gain if you meet certain tests. Gain that qualifies for exclusion also is excluded from the new...
View ArticleClik here to view.
Planning To Make a Large Cash Gift For High School Graduation? Consider...
With commencement ceremonies for high school seniors coming up, many parents and grandparents are contemplating making cash gifts the student can use for college expenses. But if gift and estate taxes...
View ArticleClik here to view.
Why 2013 May Be The Year To Make That Car Or Boat Purchase You Have Been...
For the last several years, taxpayers have been allowed to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes. The American Taxpayer Relief Act of 2012...
View ArticleClik here to view.
Alternative-asset IRAs: Handle With Care
Most IRA owners invest their funds in traditional assets, such as stocks, bonds and mutual funds. But some intrepid investors have enjoyed impressive, tax-deferred returns — or even tax-free returns in...
View Article
![[-100%] Commodity Intelligence – (Android Apps)](http://play-lh.googleusercontent.com/j67-qJvmnn4xnVlYVZ9ZhtZUJIgwjKekJGoKQT6D1KHcWGZxtQaFroummEvwV17na7tyh1pGbbeWCRdWtTKqeg=w950-h950)