Submitted by Scott Thompson on Wed, 04/23/2014 - 3:00pm
Plenty of methods exist for you to minimize your current, ongoing and future business taxes. The key? Be proactive – now.
Often business owners react to a tax bill rather than plan ahead, frozen at the prospect of one wrong move triggering an Internal Revenue Service audit and devastating long-term goals. Good tax planning, though, frequently leads to huge – and legally safe – savings.
Submitted by Joseph A. Clark on Mon, 04/14/2014 - 3:00pm
Tax time is here, with the deadline for filing on Tuesday. Very few people do their own taxes, and many do not understand what the Internal Revenue Service form 1040, the central document of your return, says.
The components combine to tell the IRS your story. Following are some ideas for helping you understand your return.
Submitted by Julie Nichols on Mon, 04/14/2014 - 12:00pm
The most wonderful time of the year this isn’t. With taxes and your returns due April 15 and changes in tax laws, a big surprise might loom for some of us. Smart investors re-tool portfolios now to save on tax days now and to come.
New for 2013 taxpayers: a 3.8% surcharge on investment income. To avoid this, you may look for investments that pay little or no income, ones relying on growth in value rather than dividend or interest payments.
Submitted by Rick Kahler on Fri, 04/11/2014 - 3:00pm
“Two can live as cheaply as one.” This old saying is mostly true. However, when it comes to death, divorce, and taxes, two are probably better off financially if they don’t marry. Intentionally or not, many federal and state laws reward couples that choose to live together without marriage.
Submitted by Sue Stevens on Wed, 04/09/2014 - 12:00pm
Investing in the market to save for your future can come with a government price tag these days. In our first article we looked at strategies to get the most out of your money without tripping into higher tax brackets. Here are sneaky add-ons that can run up your tax bill.
Submitted by Bert Whitehead on Tue, 03/18/2014 - 12:00pm
Our society increasingly divides rich kids with a good educational and health foundation and poor kids with a disadvantaged upbringing likely to hinder their futures. Our first article looked at how we can lay firm financial foundations for our kids. Here's how we can still try to ease the way financially for our own children and grandchildren.
Submitted by Jim Blankenship on Mon, 03/10/2014 - 3:00pm
Lots of people find free tax preparation an excellent way to file. Here’s what to know before your return comes due April 15.
Quite a few providers allow you to prepare a simple return for free; complex returns cost more, of course. If you use a commercial organization to prepare your return for free, beware of add-ons that make a supposedly free process extremely costly.