18 04, 2022

Can you deduct the costs of a spouse on a business trip?

By |2022-04-18T06:00:19-08:00April 18, 2022|Business|Comments Off on Can you deduct the costs of a spouse on a business trip?

If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. The rules for deducting a spouse’s travel costs are very restrictive. First of all, [...]

6 04, 2022

Are you ready for the 2021 gift tax return deadline?

By |2022-04-06T06:00:15-08:00April 6, 2022|Individual|Comments Off on Are you ready for the 2021 gift tax return deadline?

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s not required to file one, it [...]

28 03, 2022

Businesses with employees who receive tips may be eligible for a tax credit

By |2022-03-29T13:24:45-08:00March 28, 2022|Business|Comments Off on Businesses with employees who receive tips may be eligible for a tax credit

If you’re an employer with a business where tipping is customary for providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. Basics [...]

23 03, 2022

The Ins and Outs of IRAs

By |2022-03-29T13:24:26-08:00March 23, 2022|Individual|Comments Off on The Ins and Outs of IRAs

Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs You [...]

21 03, 2022

Defer tax with a like-kind exchange

By |2022-03-29T13:24:07-08:00March 21, 2022|Business|Comments Off on Defer tax with a like-kind exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the property rather than sell it. With [...]

16 03, 2022

How are court awards and out-of-court settlements taxed?

By |2022-03-29T13:23:46-08:00March 16, 2022|Individual|Comments Off on How are court awards and out-of-court settlements taxed?

Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. Some of this money is taxed by the federal government, and perhaps state [...]

Go to Top