As you choose a type of investment to make, your options will fall in either the taxable or tax-free bucket. With taxable investments, any income is subject to federal and state taxes. An exception would be US obligations, like Treasury Bonds, whose income is tax exempt at the state...
The day before the President’s State of the Union address, the White House released a “fact sheet” on what they call his “proposed reforms for a simpler, fairer tax code”. Are these proposals really intended to make the code simpler? Are they really fair?
If you haven’t heard of the “DPAD” you might just be missing out on a promising tax deduction. It’s called the Domestic Production Activities Deduction (DPAD) and benefits owners of businesses that engage in any of the following activities:
Social Security benefits are in the news as its funding and longevity has come into question. If you are depending on social security, you may need to look into other options to help fund your retirement and give you the lifestyle you’ve planned on.
There is a brand new tax incentive available for charitable contributions. It’s been affectionately termed the “Triple Play” and is available for gifts of $500 or more made to community foundations in Maryland during 2015.
There’s more than one way to collect deductions. “It’s better to give than to receive,” the old saying goes. Fortunately, charitable giving can also help save on taxes. Here are six ways to maximize your deductions:
Transfer pricing continues to be one of the most important matters facing multinational companies. The tax situation in any given country can affect whether or not your business sets up facilities or holds intellectual property ownership there. The IRS and numerous tax authorities worldwide are intensifying their focus on...
Whether your company has one vehicle on the road or dozens of vehicles, smart management can save you money. Familiarity with tax laws, simple maintenance steps and high-tech solutions can reduce the costs of operating your fleet and keep it safer.
Oh where, oh where did my depreciation deduction go?