... that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January 31 File 2016 Forms W-2, “Wage and Tax Statement,” with the ...
The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might enable them to save money on their 2016 tax bill. Record and recognize The key to ...
... flexibility in plan design. You can make deductible 2016 contributions as late as the due date of your 2016 taxreturn, including extensions — provided your plan exists on Dec. 31, 2016. For 2016, the ...
The Section 199 deduction is often overlooked by business owners, perhaps because they’re not sure what it is. You may see it referred to as “the domestic production deduction,” or the “domestic production activities deduction” ...
If there was a college student in your family last year, you may be eligible for some valuable tax breaks on your 2015 return. To max out your education-related breaks, you need to see which ones you’re ...
Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Protecting Americans from Tax Hikes ...
If you’re like many Americans, you may not start thinking about filing your taxreturn until the April 15deadline (this year, April 18) is just a few weeks — or perhaps even just a few days — away. But ...
... for state and local sales tax in lieu of state and local income tax (extended permanently) Tuition and fees deduction (extended through 2016) Ability of taxpayers age 70½ or older to make a direct ...
... tax purposes. Why? The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for these “pass-through” entities. Not-so-ancient history Until the 2016 tax year, the ...
... it. (For 2016returns, the extended deadline is October 16 because the 15th falls on a weekend in 2017.) In some cases it can make sense to undo a Roth IRA conversion and then redo it. If you want ...
If you recently filed your 2016 income taxreturn (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing. ...
If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income taxreturn. If, however, your income is too high, you won’t qualify for the credit — but ...
If last year your business made repairs to tangible property, such as buildings, machinery, equipment or vehicles, you may be eligible for a valuable deduction on your 2016 income taxreturn. But you must ...
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the “manufacturers’ deduction.” But this potentially valuable tax break can be used by many ...
... interest expense deduction on your 2016return, please contact us. We can run the numbers to calculate your potential deduction or to determine whether you could benefit from treating gains or dividends ...
Everyone needs a solid estate plan to distribute assets according to their wishes and benefit their heirs. But this necessity is especially keen for business owners, many of whom have spent years working ...
If you go on a business trip within the United States and tack on some vacation days, you can deduct some of your expenses. But exactly what can you write off? Transportation expenses Transportation ...
... Extension deadlines Filing for an extension allows you to delay filing your return until the applicable extension deadline: Individuals — October 17, 2016 Trusts and estates — September 15, 2016 ...
Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more. ...