Tax Planning

Pam Talks Planning: Last minute tax savings for individuals.

1) Charitable Deduction - $300 without using Schedule A to itemize 2) Schedule A – close to itemizing – bunch every other year a....

Last minute year-end tax tips for businesses.

*Pay final bills and postmark by 12/31/2020 *Newly purchased business equipment must be placed in service by 12/31/2020 to be deductible...

2020 Election Tax Planning Strategies

Courtesy of Yahoo Finance Fox Business by Brittany De Lea Taxes are a big focus among Democrats hoping to win the race for the White...

IRS proposes update to income tax withholding rules

The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect...

Final rules determine maximum vehicle values

The IRS updated the fleet-average and vehicle cents-per-mile valuation rules described...

Preserving a Significant Portion of Real Estate Gains

If you or someone you know is contemplating a sale of appreciated real property this article is for you or them!

Cost Reduction is Top Challenge for Businesses

Well over half (64%) of U.S. businesses say cost reduction is the top challenge they expect to face in the coming year and less than half...

Optimizing residential real estate deductions

Courtesy of Journal of Accountancy by Janet C. Hagy, CPA

Take the Tax Bite Out of Mutual Funds

The basis of accounting for investments can make a big difference in managing tax gains and losses on mutual funds.

That Long List of Deductions Just Shrank

Do you live in a state with high income taxes? If your saving grace has been a long list of deductions, the game may be over thanks to...

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