Who can — and who should — take the American Opportunity credit?
If you have a child in college, you may be eligible to claim the American Opportunity credit on...
Make sure the IRS won’t consider your business to be a “hobby”
If you run a business “on the side” and derive most of your income from another source (whether...
2016 IRA contributions — it’s not too late!
Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions...
Filing deadline rapidly approaching for flow-through entities
The federal income tax filing deadline for calendar-year partnerships, S corporations and limited...
Charitable Donations: Why All Deductions Aren’t Equal
As you file your 2016 return and plan your charitable giving for 2017, it’s important to keep in...
SEPs: A powerful retroactive tax planning tool
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for...
Is annual financial reporting enough?
Businesses generally issue year-end financial statements to let investors and lenders evaluate...
2016 charitable deductions: Substantiate them or lose them
Sharing your wealth with a favorite charity can benefit those in need and reduce your taxable...
What you need to know about the tax treatment of ISOs
Incentive stock options allow you to buy company stock in the future at a fixed price equal to or...
Take small-business tax credits where credits are due
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. Two...