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cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-estate-planning.cfm

Seize Opportunities While They Are Available. With estate, gift and generation-skipping transfer (GST) tax exemptions at record-high levels, far fewer taxpayers need to worry about being subject to these taxes. But Congress could still pass legislation at any time making estate tax law changes — and not necessarily for the better. Transfer Tax Exemptions and Rates. Estate, gift and GST tax rate. Less any gift tax exemption already used during life. Maureen uses $3 million of her gift tax exemption by mak...

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-real-estate.cfm

How Real Estate Can Reduce Your Tax Obligation. To maximize the tax benefits of property ownership, homeowners, investors and real estate professionals alike need to be aware of the breaks available to them as well as the rules and limits that apply. Whether you're selling your principal residence, renting out a vacation property or maintaining a home office, tax savings are available if you plan carefully. You generally can deduct (for both regular tax and AMT purposes) interest on up to a combined tota...

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-retirement.cfm

Making Golden Decisions about Your Golden Years. Planning for your retirement means making a series of financial decisions that will have an impact on your golden years: Should you invest in a traditional tax-deferred plan, a Roth plan that offers tax-free distributions, or both? If you opt for a Roth plan, which of the several options available is right for you? Also, when should you start withdrawing from your retirement savings, and in what amounts? 401(k)s and Other Employer Plans. If your employer p...

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-basics.cfm

To Save or Defer Tax, Think about Timing. When it comes to tax planning, nothing is simple. For example, first you need to consider your marginal tax rate — this is the regular rate you'll pay on your next dollar of "ordinary income" (salary, business income, interest and more). 2016 ordinary income tax brackets. Married filing jointly or surviving spouse. 2015 ordinary income tax brackets. Married filing jointly or surviving spouse. Married filing jointly or surviving spouse. That's why, no matter what ...

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-business-executive.cfm

BUSINESS and EXECUTIVE COMPENSATION. Tackle Tax Planning Strategies Head On. Also, if you own the business, it's likely your biggest investment, so thinking about long-term considerations, such as your exit strategy, is critical as well. And if you're an. Projecting your business's income for this year and next will allow you to time income and deductions to your advantage. It's generally — but not always — better to defer tax, so consider:. Deferring income to next year. This also will defer tax. If...

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-charity.cfm

Take Advantage of One of the Most Flexible Tax Planning Tools. To ensure your gifts do as much as possible for both your favorite charities. Your tax bill, discuss with your tax advisor which assets to give and the best ways to give them. Outright gifts of cash (which include donations made via check, credit card and payroll deduction) are the easiest. The key is to substantiate them. To be deductible, cash donations must be:. Substantiated by the charity if they're $250 or more. Because you can deduct t...

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library.cfm

Answers to Your Tax Questions. How Do Income Taxes Affect My Trusts? Are My Work-Related Education Expenses Deductible? How Do I Know if I m Required to Make Estimated Tax Payments? I Heard Someone Can File a Tax Return in My Name and Receive My Refund. Is This True? Can I Help Pay My Grandchild s College Tuition and Achieve My Estate Planning Goals? If I Provide Monetary Support to Relatives, Should I Give a Gift or a Loan? I Want to Donate My Used Vehicle to a Local Charity. What Records Do I Need?

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-investing.cfm

No Easy Task: Tax Planning for Investments Involves Many Considerations. When it comes to tax planning and your investments, it can be difficult to know where to start. First, tax treatment of investments varies based on a number of factors. You need to understand the potential tax consequences of buying, holding and selling a particular investment. Higher-income taxpayers also need to know when higher capital gains tax rates and the net investment income tax (NIIT) kick in. Capital Gains Tax and Timing.

cpawin-taxguide.bizactions.com

Anneken Huey & Moser, PLLC Online Resource Library

http://cpawin-taxguide.bizactions.com/resource_library/tg-family.cfm

Turn Saving Tax Dollars into a Family Tradition. It may be another good year for families to save taxes. Most of the child- and education-related tax breaks on the table the last several years are available once again to parents — or in some cases to grandparents or to students themselves. And a new savings opportunity is now available for people with disabilities and their families. See the right-hand box, "What's new! ABLE accounts offer a tax-advantaged way to fun disability expenses.". Qualified expe...