Traditional IRA to ROTH IRA! With wild swings in the stock market over the past few years, changing a ROTH account back to a traditional IRA and then reconverting the account back to a ROTH may result in big … Continue reading
A ROTH IRA is a unique retirement savings vehicle. Unlike a traditional IRAs where taxpayer contributions are tax deductible in most cases, contributions to a ROTH IRA are not. The tax benefit of contributing to a ROTH IRA comes at … Continue reading
19 March 2012
ERock Tax Tip of the Day – Pay Estimated Taxes
The law requires us to pay taxes in a timely manner, either through our w2 or via estimated taxes. Did you recently start a business or become a consultant in the past year? If you did and expect to make … Continue reading
The adoption credit is an extremely valuable IRS credit that often goes unnoticed. Over the years, i have known many families who have adopted children from the Unites States and beyond. Adopting a child is not only a life changing … Continue reading
19 March 2012
ERock Tax Tip of the day – Deduct your Gambling Losses
Do you gamble? You may get tax write offs. Gambling as a source of revenues for state governments can be a hot button for many citizens, but the IRS has decided that gambling is a necessary evil that is not … Continue reading
16 March 2012
5 Money Tips for Small Business Owners
I’ve worked with clients so wide and varied over the years you could say a lot of them have shared nothing in common. Not personally, not physically, not culturally or politically. Yet, in one crucial way, so many of them … Continue reading
10 March 2012
ERock Tax Tip – Start a Flexible Spending Account (FSA)
Tax Tip of the Day – Start an FSA If you incur out-of-pocket medical expenses that are not reimbursed by your health plan, you may benefit from a Flexible Spending Account (FSA). Many employers offer a FSA to pay for … Continue reading
Unemployed individuals often need to pay tax too! As of January 6, 13.1 million people, or 8.5% of the workforce still remain unemployed.* Both the U.S. and state government departments of employment assistance created a vast safety net for those … Continue reading
Incentive Stock Options – Cut your taxes and plan! One way to incentivize employees to work harder is to provide them with employee incentive stock options. This type of stock option usually vests in one year or more after the … Continue reading
3 March 2012
IRS Tax Return Fun Facts 2011-2012
Tax Fun Facts 140 million tax returns were filed in 2011 100 million refunds were issued totaling $300 billion! 80% of all returns were e-filed The IRS cost per e-filed tax return is $.80. A paper return cost $3.50! 2012 … Continue reading
| < NEWER | 16 of 19 | OLDER > |