A CPA’s Year-End Wish List
Normally, we do not make these requests until we are in the throes of tax season but let’s take a proactive look at steps you can take now via our year-end tax to-do list.
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tax strategy
Tax Planning Unknowns
Co-Director of Tax Services Larry Harris explains how to approach tax planning using both knowns and unknowns.
Income Tax 101 for Investment and Tax Planning
With this article, I hope to equip the reader with a basic understanding of the individual income tax calculation and the use of a taxpayer’s marginal tax rate or tax bracket in investment and income tax planning.
WXII 12 News: Child Tax Credit 2022: What parents need to know before filing this year
Judson Meinhart was interviewed by WXII 12 News about child tax credits.
Tax Strategies for New Families
Having a child is one of life’s special events – but the cost of a growing family can also bring challenges to your life. Here are some tax strategies for new families where you can take advantage of tax breaks that come along with those extra mouths to feed.
Take Advantage of Tax Rules To Decrease Your Debt Service Expense
Debt can sure come in handy when buying a major asset like a house or car or managing unexpected expenses. Thankfully, the interest you pay on this debt can often provide a helpful deduction on your tax return. However, the IRS is very specific regarding the situations where interest is or is not deductible. The rules can be quite complex, so a discussion with your tax professional is always a good idea. Here are several typical examples of how the IRS treats interest payments.
Estimated Tax Payments
What a relief it is as individual taxpayers to get our pesky income tax return filed on July 15 (or sometime thereafter, on extension) and have the IRS leave us alone for another year, right? Well – maybe, depending on your income and income tax withholding on said income.
