Latest From the Blog
Tax Tip of the Week | No. 256 | People with High Incomes Paying Zero Federal Income Taxes
The Internal Revenue Service has released the spring 2014 edition of its quarterly Statistics of Income Bulletin, with statistics up through 2011 indicating there are still people who earn over $200,000 a year who pay no federal income taxes, although the number of them has been decreasing.
Tax Tip of the Week | No. 254 | Filing Facts for Recently Married or Divorced Taxpayers
If you were married or divorced recently, there a couple of things you’ll want to do to ensure the name on your tax return matches the name registered with the Social SecurityAdministration.
Tax Tip of the Week | No. 253 | An Update on ROBS
A couple of years ago in TTW #109 we introduced ROBS as a strategy to fund a new business. The following is a recent article in Businessweek about this risky strategy.
Tax Tip of the Week | No. 252 | Executors Beware
If you should be named the Executor of an estate, you need to be aware that you could be held personally liable for any unpaid taxes of the deceased.
Tax Tip of the Week | No. 251 | Create a Tax Break - Buy Your Parents' Home
Do you have aging parents that live in an appreciated home, but no longer reap any tax benefits from ownership? For example: home is paid off and there is no mortgage interest deduction for them to deduct.
Tax Tip of the Week | No. 248 | Businesses To Benefit From New BWC Changes
The Ohio Bureau of Workers' Compensation (BWC) Board of Directors on April 23, 2014 approved $2.2 billion in employer credits to help with the proposed switch from retrospective to prospective billing.