by PTF | Aug 19, 2021 | Articles, Misc, Tax Preparation
IRS Extends COVID-19 Relief Leave Donations Article Highlights: IRS extends COVID-19 Relief Leave Donations Donating unused vacation time, sick leave, and personal time Employer’s Function Great Donation Opportunity As part of the emergency disaster declaration made...
by PTF | Aug 17, 2021 | Individuals, Planning Services, Tax Preparation
Contemplating Refinancing Your Home Mortgage? Things You Should Consider Article Highlights: Is It Appropriate to Refinance Your Home Loan? Refinance Costs Interest Rates Credit Score Borrowing Additional Cash Loan Term Itemizing Deductions With home mortgage rates...
by PTF | Aug 15, 2021 | Articles, Resource, Tax Preparation
Tax Rules for Home Flippers Article Highlights: Definition of Flipping Government Will Share in the Profits Tax Treatment Depends on Being a Dealer, Investor or Homeowner Distinguishing a Dealer from an Investor With mortgage interest rates low, flipping real estate...
by PTF | Aug 13, 2021 | Financial Management, Individuals, Planning Services
Back-Door Roth IRAs Article Highlights: Roth IRA Contribution Limitations Converting a Traditional IRA to a Roth IRA Circumventing the Limitations Back-Door Roth IRAs Pitfalls of a Back-Door Roth IRA The “All IRAs Are One” Rule Many individuals who are saving for...
by PTF | Aug 7, 2021 | Articles, Business Services, Individuals
The Treasury Green Book of Biden Proposed Tax Changes Article Highlights Long-Term Capital Gains Rates Top Individual Tax Rate Pass-Through Income Subject to 3.8% NIIT or SECA Tax Limit Nonrecognition of Like-Kind Exchanges Transfer of Appreciated Property by Gift or...
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