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2 min read

There still may be time to cut your tax bill with an IRA

Scott Henvey: Mar 11, 2022 2:00:00 PM

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until the April 18,...

2 min read

Defined-value gifts: Plan carefully to avoid unpleasant tax surprises

Maurice La Verdure: Mar 11, 2022 1:00:00 PM

For 2022, the federal gift and estate tax exemption has reached its highest level ever. In fact, you can transfer up to $12.06 million by gift or...

1 min read

Owning real estate in more than one state may multiply probate costs

Scott Henvey: Mar 9, 2022 3:00:00 PM

One goal of estate planning is to avoid or minimize probate. This is particularly important if you own real estate in more than one state. Why?...

2 min read

The election to apply the research tax credit against payroll taxes

Maurice La Verdure: Mar 9, 2022 1:00:00 PM

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to...

2 min read

Lost your job? Here are the tax aspects of an employee termination

Scott Henvey: Mar 9, 2022 11:00:00 AM

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably...

2 min read

Important tax aspects of operating your business as a sole proprietor

Maurice La Verdure: Feb 16, 2022 3:27:06 PM

If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of your...

2 min read

Did you give to charity in 2021? Make sure you have substantiation

Scott Henvey: Feb 16, 2022 3:24:42 PM

If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what...

2 min read

The donor-advised fund: A powerful vehicle for charitable giving

Maurice La Verdure: Feb 16, 2022 3:23:10 PM

If charitable giving is important to you, consider a donor-advised fund (DAF). A DAF — typically sponsored and managed by a community foundation or...

2 min read

Making withdrawals from your closely held corporation that aren’t taxed as dividends

Scott Henvey: Feb 16, 2022 3:21:30 PM

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However,...