February 6, 2023 Retirement Plan Early Withdrawals Breaking into a retirement plan before age 59½ may result in a penalty tax. But there are exceptions. Here are … Read More
November 3, 2021 Factor Taxes If Relocating To Another State In Retirement Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to … Read More
October 26, 2021 You May Owe “Nanny Tax” Even If You Don’t Have A Nanny In 2021, if you pay a household worker cash wages of $2,300 or more, you must withhold and pay Social … Read More
October 14, 2021 Nonprofit Restructuring Has Become Easier, But Not Without Challenges In the past, nonprofits that wanted to merge with another entity or enter into a joint venture faced a difficult … Read More
October 13, 2021 Vacation Home: How Is Your Tax Bill Affected If You Rent it Out? A special federal income tax break is available if you rent your vacation home for less than 15 days during … Read More
October 13, 2021 Nonprofits Shouldn’t Venture Abroad Without A Map Financial pitfalls and cultural misunderstandings can imperil a nonprofit’s international expansion plans. Before you seek donations or new members abroad, … Read More
October 13, 2021 Navigating The Tax Landscape When Donating Works of Art To Charity Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a … Read More
October 1, 2021 The Tax Score of Winning Whether you win money gambling online, playing at a casino or participating in a sports betting activity, there are tax … Read More
September 22, 2021 House Ways and Means Committee Advances Tax Legislation The House Ways and Means Committee approved a tax package that would increase rates on high-net-worth individuals and corporations. Read More
September 17, 2021 Disasters and Your Taxes: What You Need To Know Have you been affected by one of the many natural disasters that have occurred this year? Tax relief may be … Read More
September 15, 2021 Associations Should Prioritize Common Interests, Not Individual Services It’s not always easy for trade associations to differentiate between acceptable and unacceptable activities. Help protect your 501(c)(6) status by … Read More
September 7, 2021 Planning for Year-End Gifts with the Gift Tax Annual Exclusion There have been proposals in Washington to reduce the estate and gift tax exemption amount, as well as make other … Read More
