Tax Planning Is Needed In Asset Gift Giving
Many people want to pass assets to the next generation during their lifetimes, whether to reduce the size of their taxable estates, to help family members or simply to see …
Business’ Bad Debt May Be Deductible
If you hold a business-related debt that’s become worthless or uncollectible, a “bad debt” deduction may allow you to cut your losses. But there are a few hoops to jump …
Mortgage Pay Down
To pay down or not to pay down my mortgage? If you’re a homeowner and manage your finances well, you might have extra cash after you’ve paid your monthly bills. What …
Cost Segregation Studies and the Business Owner Benefits
Any business owner who’s acquired, constructed or substantially improved a building this year — or even in previous years — should read up on the tax benefits of a cost …
Bunching Medical Expenses for Tax Purposes
Some medical expenses may be tax deductible, but only if you itemize deductions and you have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may …