Reduce Your 2014 Tax Bill with a New Car
Buying a business vehicle before the end of the year may reduce your tax bill. If you’re looking to reduce your 2014 tax bill, you may want to consider purchasing a business…
DetailsSave on your taxes by accelerating deductions
Expenses and Your Tax Liability Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to…
DetailsCheck Now to see if Investments Can Save on 2014 Taxes
Review gains and losses to see if action by Dec. 31 can save on taxes. Appreciating investments that don’t generate current income aren’t taxed until sold, deferring tax and perhaps…
DetailsExpiring Tax Breaks
Any chance they will be extended? It may feel like a recurring nightmare but here we are again near the end of the year and we still do not know…
DetailsCapital Gains Tax – Zero Percent
How higher-bracket taxpayers can take advantage of the 0% long-term capital gains rate. The long-term capital gains rate is 0% for gain that would be taxed at 10% or 15%…
DetailsTax 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…
DetailsAffordable 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…
DetailsAppreciated 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…
DetailsTax 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…
DetailsBeware 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,…
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