Income Tax
Tax Break for Small Business Stock Could Disappear in 2015
If you were smart enough to buy qualified small business stock (QSBS) last year, you’re halfway home to a unique tax break. Now comes the hard part: You have to hold the stock for at least five years before you sell it. If you do, your entire gain is tax-free! The tax break for QSBS […]
7 Tips to Keep Medical Bills in Check
Debt collection is the top complaint the Consumer Financial Protection Bureau has received since September 2013. Out of all debt types, medical collections make up 52 percent of collection accounts on credit reports, far outpacing all other types of debt.
5 Financial Resolutions for 2015
The New Year isn’t just a time for revelry, it’s also a landmark for new beginnings. Folks around the world make promises to themselves and loved ones about how they plan to change their lives for the better. That’s why the gym always seems so crowded in January, while the job market gets flooded with […]
How to Take Advantage of Employment Tax Credits
As you’re probably well aware of by now, Congress passed a “tax extenders” bill late in 2014 preserving dozen of expired tax provisions. Among other tax breaks, the Tax Increase Prevention Act of 2014 (TIPA) authorizes employers to claim tax credits ...
Tax Outlook for 2015 is Not So Clear
What’s the projected tax forecast for 2015? Currently, it appears to be cloudy with a chance of tax reform. But keep in mind that the climate for significant tax change is usually unpredictable.
IRS Circular E, Publication 15 – Printable 2015 Employers Tax Guide (PDF)
Printable IRS Employers Tax Guide.
6 Common Income Tax Myths
While millions of American taxpayers wait for their W-2, 1099 and other important tax documents to arrive in the mail, their thoughts turn to the often-dreaded prospect of filing their 2014 tax returns.
New Report Looks at 2014 Income Tax Changes and New Savings Accounts for Disabled Americans
Thomson Reuters Checkpoint has released a new special report, Tax Increase Prevention Act of 2014 Extends Many Tax Breaks Through 2014 and Provides for New Tax-Favored “ABLE” Accounts for Disabled Individuals. The report looks at the year-end tax package