There’s a valuable tax deduction available to a C corporation when it receives dividends. The ‘dividends-received deduction’ is designed to reduce or eliminate an extra level of tax on dividends
Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If you’re wondering whether you’ll be
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional individual retirement account (IRA), this decline may
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You
Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on occasional trips to
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more partnership income than was
Are you a charitably minded individual who also is taking distributions from a traditional individual retirement account (IRA)? You may want to consider the tax advantages of making a cash
Businesses should be aware they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required range of income to be reported.
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You also could be eligible for tax breaks. Here’s a rundown of some of them.
