So you’ve finally perfected that birdhouse collection made from recyclable materials that you’ve been working on since the beginning of COVID-19. After uploading a proud picture of your craft to your personal social media account, the unexpected happens...
Need Info on Qualified Business Income? A lot of people have been asking about Qualified Business Income recently and one of our authors, Paul Winn CLU ChFc has nicely offered us an excerpt from his course Tax Cuts and Jobs Act -Individual Tax Preparation. Qualified...
One of our authors, Paul Winn, recently sent me tax information. The IRS recently sent notification of modified revisions of inflation-adjusted limits and thresholds to reflect the change in calculating inflation from the previous method to the Chained Consumer Price...
Federal Estate Tax Portability Federal estate tax portability means that a surviving spouse can inherit the estate and gift tax exemption of a surviving spouse. Simply put, a couple can pass up to $10.86 million ($5.43 million for each spouse) in 2015 without the...
The IRS has revamped the tangible property regulations for the 2014 tax year. The new procedure allows small businesses to change a method of accounting under the final tangible property regulations on a prospective basis for the first taxable year beginning on or...
