MyIRSRelief
NOVEMBER 1, 2024
S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.
RogerRossmeisl
SEPTEMBER 29, 2024
With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for both this year and next. One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2024. The post Make Year-End Tax Planning Moves Before It’s Too Late!
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RogerRossmeisl
NOVEMBER 9, 2022
Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2022. If you do itemize, you can deduct medical expenses that exceed 7.5%
RogerRossmeisl
JULY 16, 2022
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. Note: The federal estate tax exclusion amount is scheduled to sunset at the end of 2025.
RogerRossmeisl
SEPTEMBER 9, 2024
With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s taxes for this year and next. Do you expect to be in a higher tax bracket next year? Here are some other ideas that may help you save tax dollars if you. If so, then opposite strategies may produce better results.
RogerRossmeisl
OCTOBER 28, 2020
As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much smaller amount resulted in estate plans attempting to avoid it. The post Income Tax Planning as Part of Your Estate Plan appeared first on Roger Rossmeisl, CPA.
RogerRossmeisl
SEPTEMBER 25, 2022
Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next. If you expect to be in a higher tax bracket next year, opposite strategies may produce better results. Here are some other ideas that may help you save tax dollars if.
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