Do You Know the Tax Pitfalls of Mutual Funds
Here are two tax pitfalls to be aware of Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in…
Tax Deduction – Is My Elderly Parent a Dependent?
Are You Missing Out on Tax Deductions? The answer could be yes. For you to take the dependent tax deduction up to $3,900 on your tax return under the adult-dependent exemption,…
Tax Filing Deadlines – Don’t Miss Them
Tax Filing Deadlines Not Just April 15th Do you file a paper tax return? If so, it’s important that you know the IRS’s “timely mailed = timely filed” rule: Your…
Giving Your Real Estate to Charity – Tax Traps
Three tax traps when donating real estate to charity If you’re considering donating a property to charity, we have three potential tax traps you need to make sure to avoid:…
Worried About Tax Return Fraud? File Early!
Don’t Let Fraudsters Have Your Refund With security breaches happening every day at major retailers, identity theft and fraud is likely on your mind, and stolen credit isn’t your only…
More Ways to Cut Your Tax Bill
Tax Break: Summer Day Camp The passing of Memorial Day marks the beginning of summer. Although the kids might still be in school for another week or two, summer day…
Save Tax on Restricted Stock Awards — Consider Section 83(b)
This Stock Election Could Save You Money Restricted stock is stock that’s granted subject to a substantial risk of forfeiture. Income recognition is normally deferred until it is no longer…
Some Tax Saving Ideas for Trust Income
Need another idea to help you save on your tax liability? Ciuni & Panichi is constantly looking for ways to assist you. Our Tax Group is always available if you…
Commonly Overlooked Investment Related Tax Omissions
Tax Omissions – Reinvested Dividends One of the most commonly overlooked investment related tax omissions investors make is forgetting to increase their cost basis in mutual funds to properly reflect…