Tax Advantage for Business Income
Timing business income and expenses to your tax advantage. Typically, it’s better to defer tax. Here are two timing strategies that can help businesses do this: Defer income to…
Affordable Care Act Fee Deadline Approaching
Affordable Care Act – Action required by November 15th By Jeffrey R. Spencer, CPA, Principal, Ciuni & Panichi, Inc. The Affordable Care Act imposes a $63 fee per enrollee on…
Appreciated Stock and Tax Benefits
You can gain tax benefits by donating stock Is there appreciated stock in your portfolio that you would like to sell? Unsure about paying more on your tax return? Then…
Tax Liability and the Wash Sale Rule
Be careful with your tax planning. Have you gotten some big gains this year? You should consider looking for unrealized losses in your portfolio and possibly selling off those investments…
Beware of Alternative Minimum Tax Triggers
Alternative Minimum Tax: Triggers could boost your tax bill if you’re not careful. A fundamental tax planning strategy is to accelerate deductible expenses into the current year. This typically will defer,…