Feeling generous? Want to give a gift of cash or something equivalent to a family member or friend? You should understand the tax implications.
Taxes
Tax Audit Red Flag – You Have Assets Overseas.
Most people would rather pay a visit, fee and all, to the proctologist’s office than endure an IRS audit. In fact, many would agree that proctologists are kinder and friendlier than the average IRS auditor. Knowing the red flags that trigger audits may not prevent all audits, but it can help you invite less IRS […]
Dentists: Here Are 8 Things You Should Know About IRS Audits
Yes, the word strikes fear in every taxpayer’s heart. Here are the basics. You may know someone who’s been through an IRS audit. You’ve at least heard that it can be a grueling, complex process. But how much do you really know about this potentially unpleasant procedure? Here’s some of what every dental practice owner […]
Dentists: Stay Up to Date With Standard Tax Changes for 2014
Tax changes occur from year to year in order to accommodate new tax guidelines for the year as well as inflation. The good news is that the IRS does provide some details about the changes in the form of helpful bulletins and useful articles. These are a few of the changes you can expect in […]
Dental Practices: What You Should Know About the $500,000 Tax Break that Ends in 2013
Tax breaks for businesses come and go, with many of those that are set to expire gain a last-minute extension in hopes of breathing new life into the small businesses that grow the economy. However, this year is shaping up a little different for Section 179. It received a bit of a reprieve in early […]
The Affordable Health Care Act: The Major Changes for 2014
You won’t have to worry about the most significant one until 2015. When the Affordable Health Care Act became law in 2010, its impact was wisely spread out over several years. As an individual and a business, you’ve likely already been affected by some of the changes already enacted.