Retirement Plans for Your Small Business
A retirement plan can be a critical part of a competitive benefits package. Although small business owners can sponsor a qualified retirement plan like a 401(k) or profit-sharing plan, these plans can be expensive …
Ask the Experts: Should I adjust my federal income tax withholding?
Did you owe taxes on your 2005 federal income tax return? If so, you may need to increase the amount of federal income tax that’s withheld from your paycheck …
Ask the Experts: I’m expecting a large income tax refund—what should I do with it?
If you’re anticipating a sizable federal income tax refund, you’re not alone. According to the Internal Revenue Service, over 100 million individuals received federal income …
Trading Places — A New Look at 1031 Exchanges
The tax code first authorized 1031 exchanges in 1921. But now, skyrocketing property values coupled with the rising popularity of real estate investments have many people taking a new look at …
Why a GRAT Can Be GREAT
If you have property that’s rapidly appreciating or generating high earnings, and you’re ready to hand it down to your children or other heirs but want to continue receiving income from the property for …
Estate Tax Repeal — Update
The Economic Growth and Tax Relief Reconciliation Act of 2001 gradually phases out the federal estate tax until its complete repeal in 2010. Without additional legislation, however, the federal estate tax will return in 2011.…
Ask the Experts: How will my REIT dividends be taxed for federal tax purposes?
In order to qualify as a REIT, a company must comply with several strict tax rules. One of these rules requires a REIT to distribute at …
Ask the Experts: What is a REIT?
A REIT, short for real estate investment trust, is a company that buys, develops, manages, and/or sells income-producing real estate such as office buildings, hotels, apartment complexes, shopping centers, and medical facilities. Congress …
Don’t Make These Retirement Planning Mistakes
We all recognize the importance of planning and saving for retirement, but too many of us fall victim to one or more common mistakes. Here are four easily avoidable mistakes that could prevent you …
Tax Deduction Facts You Can’t Afford to Overlook
You don’t want to pay more in tax than you have to. That means making sure you’re taking advantage of every deduction you’re entitled to. Here are some important facts you don’t …