Newsletters | December 2011
Taxpayers should examine overlooked opportunities
Many taxpayers may overpay every year by missing significant deductions and credits, according to Kiplinger, and would benefit from following a few accounting tips.
Experts recommend against waiting for tax time
With little time left in the year, tax-savvy individuals may wish to make sure they take certain steps before the the hectic holidays begin taking up time, certified financial planner Lynn Mayabb recently told FOX Business.
Study shows small businesses burdened by tax code
Non-profit IT industry trade association CompTIA recently released a study on over 400 small and medium-sized businesses (SMBs), which found a strong majority noted difficulty complying with tax regulations.
Reacting to tax notices
Tax notices from the Internal Revenue Service are fairly common, Bankrate.com reports, and millions are sent out each year.
Last-minute tax tips
Little time remains to save on 2011 taxes, MainStreet notes, but there are still some options and accounting tips savvy individuals can explore and use.
Living trust advantages
Families and the modestly wealthy can benefit from the use of living trusts and other estate planning tools as much as the very affluent, according to CNBC.
Financial transactions tax is discussed
Support for a tax on financial trades is growing among political leaders in Europe and others in the U.S., The New York Times reports, but leaders here and in the United Kingdom seem opposed to such a measure.
Take tax breaks while they last
The coming year and future are likely to be marked by tax increases or limits on deductions and tax breaks, experts recently told Reuters.
Experts share tax planning recommendations
Many experts are offering tax accounting tips as the year draws to a close. Some of them benefit specific groups, such as retirees, investors, business owners or college students.
Business tax advice
The Internal Revenue Service and various independent experts are all offering their own tax accounting tips to help individuals and businesses create the best financial situation they can as 2011 ends and 2012 begins.
A pre-tax audit may prevent post-tax headaches
One of the last things day trading companies want to deal with is an audit from the Internal Revenue Service about taxes from the previous year.
Charitable deduction rules
Many may be thinking of making charitable donations as the beginning of 2012 approaches, particularly since deductible contributions can add to successful estate tax planning.
Avoiding common mistakes with business deductions
When day trading for a living, one common issue is what business expenses traders can actually write off as they relate to their business.
Last chance tax tips
While time is quickly running out, day traders may still be able to reduce their tax burdens for the year by taking some steps.
Last-second tax planning can be flawed
With the beginning of 2012 nearly here, day traders and other investors may be focusing on year-end opportunities to lower their taxes, such as accepting limited losses in a portfolio, according to Forbes contributor Gregg Fisher.
Investor confidence increases
The Spectrem Affluent Investor Confidence Index (SAICI) showed gains for the fourth consecutive month in December, Spectrem's Millionaire Corner reports, with more choosing to invest.