The clock is ticking and soon it will be 2012. Which is why you should act now and check out the proven end-of-year tax-planning strategies I highlight in my new article. These last-minute tax planning ideas can help you create or push more deductions into this year so your 2011 tax bill will be lower. Lots of extremely useful information is waiting for you in my new … [Read more...]
Spouse
Sorted by Date
The right way to save with a Section 105 plan
Section 105 of the Internal Revenue Service (IRS) regulations lets you reimburse medical expenses under an employer-sponsored health plan. You can even reimburse your employee-spouse. But you have to know what the rules are! In my new article I’ll explain how the appeals court remand of the Shellito case clarifies the Section 105 plan requirements for both employer-spouse and … [Read more...]
Getting divorced? Here’s how to save on taxes
When a small-business owner gets divorced, significant tax consequences can follow. In this issue, (Part 2) of my series on divorce, I’ll explain how to split up qualified retirement plans like your IRA, without shooting yourself in the foot. If you want to learn specific ways to prevent Uncle Sam from taking a big cut of your assets, check out my latest article titled Tax … [Read more...]
Tax tips for divorce: Proven ways to save money
A divorce can be a traumatic event. What can make things even worse is the fat tax bill you may have to pay Uncle Sam. That’s right. Your business, children, property, and other assets can trigger a huge tax bill that can make a bad situation even worse. Which is why I urge you to read my latest article titled Tax Tips: Tax Tips for Divorce (Part 1). Three ways our … [Read more...]
Tax Tips for the estates of those who died in 2010
IMPORTANT: The tax law gives two choices to the executors of estates of decedents who died in 2010: Choice #1 is to apply the old 2010 rules Choice #2 is to apply the newly enacted 2011 and 2012 estate tax rules If you are the executor of an estate (of someone who died in 2010), which choice makes sense for you? You’ll find answers in our new article titled Tax Tips: Tax … [Read more...]