... rules. First, you must allocate your expenses between the personal use days and the rental days. This includes maintenance, utilities, depreciation allowance, interest and taxes for the property. The personal ...
... for personal-use property in an area declared a federal disaster: Subtract any insurance proceeds. Subtract $100 per casualty event. Combine the results from the first two steps and then subtract ...
... employees on a nontaxable basis for business use of their personal phones. The IRS has indicated that it will analyze the reimbursement of employees’ expenses for their personal smartphones similarly ...
... chances of hearing from the IRS are much higher. Lottery winnings are taxable. This is the case for cash prizes and for the fair market value of any noncash prizes, such as a car or vacation. Depending ...
... excluded in this fashion, there’s no need to file a federal gift tax return. If annual gifts exceed $17,000, the exclusion covers the first $17,000 per recipient, and only the excess is taxable. In addition, ...
... care benefits marketplace. Starting with the first point, the optimal plan design depends on the size, demographics and needs of your workforce. Rather than relying on vendor-provided materials, actively ...
... salary reductions or flex credits. The rules for PTO buying under a cafeteria plan are complex, but let’s review a couple of the most critical compliance requirements. First, the PTO buying feature must ...
... and it’s worth $1 million at his death, the basis is stepped up to $1 million in the hands of your grandfather’s heirs — and all of that gain escapes federal income tax. The fair market value basis rules ...
... need to be careful about following the IRS rules. Employing your kids Children who work for the business of a parent are subject to income tax withholding regardless of age. If the company is a partnership ...
... it up into segments and focusing marketing efforts on the most potentially profitable ones. Gather demographic data The first step is to collect as much customer demographic information as possible. ...
(Events Calendar/Individuals: File Form 1040, 1040A, or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2013 estimated tax. )
Individuals: File Form 1040, 1040A, or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2013 estimated tax.
(Events Calendar/Individuals: File Form 1040, 1040A, or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2013 estimated tax. )
Individuals: File Form 1040, 1040A, or 1040EZ. For automatic 6-month extension file Form 4868 and deposit estimated tax. Pay the first installment of 2013 estimated tax.