Monthly Archives: February 2018

//February

Surprise! Extender Bill Passed: Do You Benefit?

Article Highlights: Mortgage Insurance Premiums Above-the-Line Education Expenses Exclusion of Home Cancellation of Debt Income Credit for Nonbusiness Energy Property Credit for New Qualified Fuel Cell Motor Vehicles Credit for Alternative Fuel Vehicle Refueling Property Credit for 2-Wheeled Plug-In Electric Vehicles Credit for Energy-Efficient New Homes Race Horses as 3-Year Property Energy Efficient Commercial Buildings [...]

By |2018-02-22T15:56:52+00:00February 28th, 2018|Categories: Uncategorized|0 Comments

If You Owe the IRS a Lot of Money, You May Not Want to Plan Any Out-of-the-Country Trips

Article Highlights:   Seriously Delinquent Tax Debt Exceptions Passport Denial or Revocation As promised several months back, the IRS has begun to crack down on seriously delinquent taxpayers. A law passed on Dec. 4, 2015, requires the IRS to notify the U.S. State Department when someone has “seriously delinquent tax debt,” after which the State [...]

By |2018-02-21T00:07:05+00:00February 26th, 2018|Categories: Uncategorized|0 Comments

9 Best Ways to Start a Business Budget to Spur and Guide Growth

Building a business is a process that requires careful attention to many individual points, all with the goal of increasing customers, improving products, and building profit. That's why it might be a good idea to check out something like this https://www.whitehat-seo.co.uk/, as this is a marketing agency that can help your business grow. There are [...]

By |2018-02-21T00:02:13+00:00February 22nd, 2018|Categories: Uncategorized|0 Comments

Have Business Income? If So, You Score Big With The New Tax Reform

Article Highlights: Sec 199A Deduction Qualified Business Income Threshold Specified Service Businesses Limitations Wage Limit Aggregating Amounts Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December of 2017, [...]

By |2018-02-21T00:00:09+00:00February 21st, 2018|Categories: Uncategorized|0 Comments

Tax Reform Cracks Down on IRA Recharacterizations

Article Highlights:   Tax Trap Traditional IRA Roth IRA Traditional to Roth Conversions Undoing a Conversion Note: The is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs Act (referred to as the “Act” in the article), passed late in December 2017, might affect [...]

By |2018-02-15T20:33:57+00:00February 15th, 2018|Categories: Uncategorized|0 Comments

5 Things You Need to Do After Jumping Into Entrepreneurship

Congratulations! You've decided to dive into the exciting world of entrepreneurship and bring that great business idea to life. Whether you're opening a local brick-and-mortar business that your community needs, looking to grow rapidly in the next few years and get an investor, or just keep things small and solo, certain steps come next that [...]

By |2018-01-09T22:15:32+00:00February 5th, 2018|Categories: Uncategorized|0 Comments

Important Things to Know About IRAs

Article Highlights: IRA Contribution Limits Compensation Active Participation Traditional IRA AGI Phaseouts Nondeductible Contributions Spousal IRA Roth IRA Back Door Roth IRA Penalties Rollovers Conversions Required Minimum Distributions The individual retirement account (IRA) is one of the favored ways to save money for retirement. There are two types of IRAs: the traditional IRA and the [...]

By |2018-01-09T22:15:04+00:00February 1st, 2018|Categories: Uncategorized|0 Comments