Andersonadvisors.com
Accountable Plans
WEBAn accountable plan is a plan to enable you to reimburse yourself and your employees from your business entity. The first important point in that is the word “employee.”. To take …
Actived: 7 days ago
URL: https://andersonadvisors.com/accountable-plans-reimbursed-expenses/
Tax Deductions Often Overlooked
WEB1. Health Insurance Premiums. One break that most people are currently unaware of is deducting their health insurance premium costs. Taxpayers can usually deduct medical-related expenses exceeding 10% of their adjusted gross income (AGI). For example, let’s assume your AGI is $50,000, and you have $9,000 in qualified medical …
Important IRS Changes That You Need to Know for 2022 Tax Returns
WEBThe IRS has begun accepting tax returns for the 2022 tax year on January 17th, but there are some changes that taxpayers should be aware of before filing. The IRS has raised the standard deduction to account for inflation. Single filers can deduct almost $2,000 more than the previous year, and joint filers will be able to deduct almost $1,000 more.
What is an Excise Tax
WEBThe three main reasons these excise taxes exist are to generate more tax revenue, fund the systems that support the item purchased, or to deter consumers from purchasing certain items for health or environmental reasons. Of course, the choice to purchase such items is still within the power of consumers, they will just have to pay their dues.
Securing Your Family's Future with Asset Protection
WEBA few options to consider (when getting the process started) include: Living Trust. Children’s Trust. Family Limited Partnership. Irrevocable Life Insurance Trust. Land Trust. Qualified Personal Residence Trust. The best option though is to get in contact with an asset protection attorney immediately and start weighing your options.
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