MAYOLOCPA.CHECKPOINTAPPS.COM

Mayolo CPA Online Resource Library

Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? 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? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We wo...

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Mayolo CPA Online Resource Library | mayolocpa.checkpointapps.com Reviews

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Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? 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? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We wo...

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3 tax basics

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7 family and education

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Mayolo CPA Online Resource Library | mayolocpa.checkpointapps.com Reviews

https://mayolocpa.checkpointapps.com

Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? 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? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We wo...

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mayolocpa.checkpointapps.com

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Mayolo CPA Online Resource Library

http://mayolocpa.checkpointapps.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. Residence also may be deductible. Home equity debt interest deduction. This has been extended thro...

2

Mayolo CPA Online Resource Library

http://mayolocpa.checkpointapps.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. Charitable contribution ...

3

Mayolo CPA Online Resource Library

http://mayolocpa.checkpointapps.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...

4

Mayolo CPA Online Resource Library

http://mayolocpa.checkpointapps.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). You also need to consider the various tax deduction and credits that could save you taxes. Before taking action to time income or expenses, you should determine whether you're already likely to be subject to the AMT — or wh...

5

Mayolo CPA Online Resource Library

http://mayolocpa.checkpointapps.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) kic. Capital gains tax and timing.

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Mayolo CPA Online Resource Library

Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? 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? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We wo...

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