If you are contemplating selling real estate property, there are a number of issues that could impact the taxes that you might owe, and there are steps you can take to minimize the gain, defer the gain, or spread it over a number of years.
The…
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July 1 - Time for a
Mid-Year Tax Check Up
Time to review your 2019 year-to-date income and
expenses to ensure estimated tax payments and withholding are adequate to avoid
underpayment penalties.
July 10 - Report Tips to Employer
If you are…
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If
you are inclined to procrastinate until the end of the year or, even worse, until
tax-filing season to worry about your taxes, you may be missing out on
opportunities to reduce your tax and avoid certain penalties. The following are
some…
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According to one
recent study, the average retirement age in the United States was 62
years old as of 2017. Currently, the minimum age necessary to collect
Social Security is 62, while 66 is largely considered to be "full
retirement…
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According to a recent
study conducted by U.S. Bank, over 80% of all newly formed businesses
that ultimately fail do so due to cash flow problems. If you needed a reason to
believe that getting your spending in order and dedicating the…
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It’s
a common conundrum: You want to file your taxes on time, but you anticipate or
already know that you will owe money you can’t afford to pay right now. As a
result, you put off filing your tax return under the assumption that the IRS
can…
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Taxpayers
are often confused by the differences in tax treatment between businesses that
are entered into for profit and those that are not, commonly referred to as
hobbies. Recent tax law changes have added to the confusion. The differences
are:
Businesses
Entered…
https://10keysolutions.com/wp-content/uploads/2019/07/Photography.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2019-06-13 18:20:302019-07-03 18:30:07Hobby or Business? It Makes a Difference for Taxes – Now More than Ever
Taxpayers often will hire an individual
or firm to provide services at the taxpayer’s home. Because the IRS requires
employers to withhold taxes for employees and issue them W-2s at the end of the
year, the big question is whether or not…
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June 15th falls on the weekend this year, so
the due date for the second installment of estimated taxes is the next business
day, June 17, which is just around the corner. So, it is time to determine if
your estimated tax payment should be…
https://10keysolutions.com/wp-content/uploads/2017/07/SU-Design-1500326131.jpg315851Mikehttps://10keysolutions.com/wp-content/uploads/2017/07/10keylogo.pngMike2019-06-10 19:57:132019-06-10 19:57:17June Estimated Tax Payments Are Just Around the Corner
Facing a Huge Gain from a Realty Sale?
July 2019 Individual Due Dates
Would a Mid-Year Tax Checkup Benefit You?
Worried You Don't Have Enough Saved for Retirement? You're Not Alone
How to Organize Spending Priorities for Your Newer Growth Startup
What if you want to file your taxes but can't afford to pay them?
Hobby or Business? It Makes a Difference for Taxes – Now More than Ever
Household Help: Employee or Contractor?
June Estimated Tax Payments Are Just Around the Corner