Whether over the river and through the woods or merrily preparing your holiday decorations, the last thing you want to think about is tax planning. However, waiting until January to address any strategies to reduce your 2013 tax burden is a bit too late.
IRA Distributions To Charity
The American Tax Relief Act of 2012 extends for two years, through December 31, 2013, the provision allowing tax-free distributions from individual retirement accounts to public charities, by individuals age 70½ or older, up to a maximum of $100,000 per taxpayer per year.
Pension Plans For Small Businesses
Starting a retirement savings plan can be easier than most business owners think. In this article we will discuss the three main types of plans, provide a comparison of the plans, and provide some other information.
Retirement Plans For Businesses With No Employees
There are two retirement plans that a business owner, that has no employees, can implement that can provide a significant deferral of income and taxes: 1) a Simple-IRA and 2) an Individual or Solo 401(k) Plan.
2010 Year-end Tax Planning Presents Unique Challenges
As the end of 2010 quickly approaches, individual taxpayers should start to execute valuable year-end tax strategies.