Search Results for: taxes

DEC 2012:WHAT YOU NEED TO KNOW ABOUT TAX PLANNING

The Presidential election is over. Thank God! Now it’s time to stop whining and start planning. In the words of Winston Churchill, “Keep calm and carry on.” With that in mind, here is what you need to know about year-end tax planning. Overview Let’s take a moment…


February 2012: What You Need To Know About - Getting Your Taxes Done Right

If you answered (e), you are Maggie Washo or an admirer of hers. The correct answer, however, is ©, because we CPA’s are more valued by society than any other professional (just my theory)and because the tax laws and audit standards are a constantly…


FINANCE: SAVINGS ON TAXES

In the early 1980’s, the top income tax bracket was a whopping 50 percent. As onerous as that may sound, “tax shelters” were readily available to reduce the actual tax bite. These “shelters” were investments that typically generated huge non-cash losses that would reduce taxable…


High Income, High Taxes - Invest in Oil and Gas Partnerships

Many individuals are looking for ways to reduce their tax liabilities and generate income from their investments. Sounds easy enough, but how can you accomplish both goals with one investment? One of the only strategies available to make an investment and receive substantial tax benefits…


SEPTEMBER 2011: What You Need To Know About - South Carolina Incomes Taxes, Part 2

Who knew? After two years of writing articles on big subjects like Investing, Insurance, Federal Taxes, etc., I focused my last missive on the limited subject of South Carolina income taxes and got the greatest response yet from CH2 readers. Okay… I can take a…


Tax Provisions - Proposed Jobs Legislation's Tax Provisions Could Aid Small Business

The $447 billion American Jobs Act proposed by President Barack Obama in September has been cut down by the Senate and criticized by the National Federation of Independent Business and the U.S. Chamber of Commerce for inadequate job creation provisions.




What you need to know about Roth IRA Conversions

TRUST ME! I know this month’s topic seems a bit narrow and technical, but it is actually the hottest tax and personal financial planning issue of 2010. Expect, starting January 1, to be inundated with newspaper articles, mailings and even direct phone calls urging you…


What you need to know about...Taxes

“Complex” does not even begin to describe our tax laws. My copy of the January, 2008 Internal Revenue Code, a compilation of just the basic tax laws, is 9,559 pages, and that’s with really, really small print. My five volumes of tax regulations weigh 16…


What you need to know about…Year-End Tax Planning.

If you are focused on April 15 as “Tax Day,” it’s time to change your thinking. The key date for taxes is December 31, because after that date, your opportunities to better your tax situation are severely limited. Here’s what you need to know to…


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