by mariettacp | Jan 11, 2011 | Money Tips, Tax Planning
Our very own Larry Marietta will be a guest speaker at My REI Advisor Tele-Class: Tax Strategies – Use Them To Your Advantage. Mark Your Calendar – January 14th – Noon EST – Register At MyREIAdvisor.com for the FREE call today! Start the New...
by mariettacp | Jan 10, 2011 | Money Tips, Tax Planning, Tax Preparation
Increase your basis in a partnership or S corporation if doing so will enable you to deduct a loss from it for this year. A partner’s share of partnership losses is deductible only to the extent of his partnership basis as of the end of the partnership year in...
by mariettacp | Jan 7, 2011 | Money Tips, Tax Planning, Tax Tips
The total (aggregate) credit for energy efficient improvements to the home in 2009 and 2010 is $1,500. Unless Congress acts, this tax break won’t be around after this year. Additionally, substantial tax credits are available for installing energy generating...
by mariettacp | Jan 5, 2011 | Money Tips, Tax Planning, Tax Tips
Facing a penalty for underpayment of estimated taxes and the increased withholding option is unavailable or won’t sufficiently address the problem? Take an eligible rollover distribution from a qualified retirement plan before the end of 2010. Income tax will be...
by mariettacp | Jan 3, 2011 | Money Tips, Tax Planning, Tax Tips
Year-end tax planning tip of day: Increase your withholding if you are facing a penalty for underpayment of federal estimated tax. Doing so may reduce or eliminate the penalty. Contact your CPA if you have any questions about appropriate withholding rates. © 2010...
