Tax Planning Archives - Page 5 of 10

4

Apr

Printable Forms Available: Form W-4

In Money Tips, Tax Planning, Tax Preparation

Federal tax form W-4, the Employee’s Withholding Allowance Certificate, is just one of the many tax forms available on our website for printing. If you have any questions on completing the form, please contact us.

1

Apr

2010 Tax Relief Act Alters Estate and Gift Taxes: New Portability Feature

In Money Tips, Tax Planning, Tax Tips

Another change to the tax code enacted by the 2010 Tax Relief Act provides exemption portability. Under the new rules, any exemption that remains unused by a spouse who dies after Dec. 31, 2010 and before Jan. 1, 2013 is available for use by the surviving spouse in addition to...

25

Mar

2010 Tax Relief Act Alters Estate and Gift Taxes: Reduced GST

In Money Tips, Tax Planning, Tax Tips

The 2010 Tax Relief Act made some changes to the estate and gift tax. Prior to the new law, there was no estate tax, however some beneficiaries faced possible increases in their taxes due to unfavorable income tax rules. The prior law also allowed for a substantial rise in the...

23

Mar

2010 Tax Form 1040: Home-related tax savings

In Money Tips, Tax Planning, Tax Preparation, Tax Tips

The 2010 Form 1040 reflects a number of new tax breaks we want you to be aware of so you can take full advantage of them. Today’s post addresses changes to the tax laws regarding home-related tax savings. New to 2010 is the personal casualty and theft loss limit reduction. Each...

18

Mar

Tax Relief Act of 2010: Expired Business Tax Breaks Retroactively Reinstated and Extended

In Money Tips, Tax Planning, Tax Tips

The Tax Relief Act of 2010 retroactively reinstated a plethora of business tax breaks that expired at the end of 2009 and extended them through 2011. These tax breaks include: the research credit; the new markets tax credit; employer wage credit for activated reservists; 15-year write-off for qualifying leasehold improvements, restaurant buildings and...

16

Mar

2010 Tax Form 1040: Deduction Limits Ended

In Money Tips, Tax Planning, Tax Preparation, Tax Tips

The 2010 Form 1040 reflects a number of new tax breaks we want you to be aware of so you can take full advantage of them. Today’s post addresses changes to the tax laws regarding small business cell phones and luxury vehicles. Limits on personal exemptions and itemized deductions have ended....

11

Mar

2010 Tax Relief Act Alters Estate and Gift Taxes: GST Tax Changes

In Money Tips, Tax Planning, Tax Tips

The 2010 Tax Relief Act made many beneficial changes to the rules regarding estates and gifts. One such change regards the GST (generation-skipping transfer tax). The GST is an additional tax on gifts and bequests to grandchildren when their parents are still alive. The 2010 Tax Relief Act lowers GST taxes...

9

Mar

2010 Form 1040 Tax Breaks: Adoption Credit

In Money Tips, Tax Planning, Tax Preparation, Tax Tips

The 2010 Form 1040 reflects a number of new tax breaks we want you to be aware of so you can take full advantage of them. Today’s post addresses changes to the tax laws regarding adoption credits. The maximum adoption credit is $13,170 per eligible child for both non-special needs adoptions...

4

Mar

2010 Tax Credit for Small Businesses that Provide Health Coverage

In Money Tips, Tax Planning, Tax Preparation, Tax Tips

Small businesses that provide health care coverage for their employees were given a 2010 tax credit within the recent health care legislation. The credit is generally 35% of the employer’s premium contribution (25% for tax-exempt entities). Eligibility to qualify as a small employer is reevaluated each tax year. The following...

2

Mar

2010 Form 1040 Tax Breaks: Gifts to Charity

In Money Tips, Tax Planning, Tax Preparation, Tax Tips

The 2010 Form 1040 reflects a number of new tax breaks we want you to be aware of so you can take full advantage of them. Today’s post addresses changes to the tax laws regarding gifts to charity. The provision that excludes up to $100,000 of qualified charitable distributions (distributions to...

Tax Resources

Printable Forms Available: Form W-4

2010 Tax Relief Act Alters Estate and Gift Taxes: New Portability Feature

2010 Tax Relief Act Alters Estate and Gift Taxes: Reduced GST

Tax Relief Act of 2010: Expired Business Tax Breaks Retroactively Reinstated and Extended

2010 Tax Form 1040: Deduction Limits Ended

2010 Tax Relief Act Alters Estate and Gift Taxes: GST Tax Changes

2010 Form 1040 Tax Breaks: Adoption Credit

2010 Tax Credit for Small Businesses that Provide Health Coverage

2010 Form 1040 Tax Breaks: Gifts to Charity

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