Whether you filed your 2014 income tax return by the April 15 deadline or filed for an...
Now’s the time to begin your 2015 tax planning
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Jim Streets
Facing an unexpected bill for the additional 0.9% Medicare tax?
The additional 0.9% Medicare tax applies to FICA wages and self-employment income...
A net operating loss on your 2014 tax return isn’t all bad news
When a company’s deductible expenses exceed its income, generally a net operating loss...
Yes, there’s still time to make a 2014 IRA contribution!
The deadline for 2014 IRA contributions is April 15, 2015. The limit for total...
Do you need to file a 2014 gift tax return by April 15?
Generally, you’ll need to file a gift tax return for 2014 if, during the tax year, you...
Taking advantage of tangible property safe harbors
If your business has made repairs to tangible property, such as buildings, machinery,...
You might benefit from deducting investment interest expense on your 2014 tax return
Investment interest — interest on debt used to buy assets held for investment, such as...
Make sure you have proper substantiation for your 2014 donations
If you don’t meet IRS substantiation requirements, your charitable deductions could be...
Should you forgo a personal exemption so your child can take the American Opportunity credit?
If you have a child in college, you may not qualify for the American Opportunity credit...
The “manufacturers’ deduction”: It’s not just for manufacturers
The manufacturers’ deduction, also called the “Section 199” or “domestic production...