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Is a Like-Kind Exchange a Good Option for Your Business?

Normally, when companies sell properties, they must pay taxes on any gain they receive. Like-kind exchanges, transactions in which companies […]

Tax Tip #16: What if You Can’t File by April 15?

If you can’t file by April 15 deadline, you can request an extension from the IRS and get until October […]

April, May, and June 2013 Tax Due Dates

April 2013 April 01 Electronic filing of Forms 1097, 1098, 1099, 3921, 3922 and W-2G– File Forms 1097, 1098, 1099, […]

Reverse Mortgages: A Salvation For Seniors?

In recent months, we have seen a growing number of celebrities on TV promoting reverse mortgages. In today’s economy, many retirees are faced with mounting debt and inadequate incomes. For many, their home is their most valuable, and

Naming Your IRA Beneficiary – More Complicated Than You Might Expect

The decision concerning whom you wish to designate as the beneficiary of your traditional IRA is critically important. This decision affects the minimum amounts you must withdraw from the IRA when you reach age 70-1/2, who will get

Tax Tip #15: Education Incentives are Extended

The American Taxpayer Relief Act of 2013 extended several education tax breaks. The American Opportunity Tax Credit is extended through […]

Should You Invest in Life Insurance?

Life Insurance – How Much Do You Need? The purpose of life insurance is to provide a source of income, […]

Tax Tip #14 Gifting Your IRA to Charity is Still Allowed

The American Taxpayer Relief Act of 2013 extended, for 2012 and 2013, tax-free gifting your IRA to charity for taxpayers […]

Plan Your Taxable IRA Withdrawals

Taxable IRA withdrawals should be planned based on your age. Your age, at the time you withdraw, can make a […]

Tax Tip #13: Supporting a Parent Could Cut Your Taxes!

Supporting a parent could cut your taxes significantly. If you provide more than half a parent’s support in 2012, you […]

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