Do You Know the Tax Implications of Your C Corp.’s Buy-Sell Agreement?
Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are…
Read moreIndividual Tax Calendar: Key Deadlines for the Remainder of 2017
Individual tax calendar: Key deadlines for the remainder of 2017 While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that are important to…
Read moreA Timely Postmark on Your Tax Return May Not Be Enough to Avoid Late-Filing Penalties
Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely filed if it’s postmarked by…
Read moreSaving Tax With Home-Related Deductions and Exclusions
Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions when you’re filing your 2016 return and tax planning for 2017: Property tax deduction. Property tax is generally fully deductible — unless you’re subject to the alternative…
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