by KNSS | Dec 16, 2013 | Uncategorized
During December, you should evaluate whether you’ll save any taxes by postponing 2013 income or deductions into 2014 or by accelerating 2014 income or deductions into 2013.? While many factors should be evaluated prior to making your final decision, a few items...
by KNSS | Dec 12, 2013 | Planning
It’s not too late to cut your 2013 tax bill.? Prior to Dec. 31st: ?Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year.? This year you can put away up to $17,500 ($23,000 if 50 or older) into your...
by KNSS | Aug 13, 2013 | Income
A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may not have to report that income if the rental...
by KNSS | Jul 26, 2013 | Charity, Planning, Taxes, Uncategorized
From IRS Tax Tips Newsletter: Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips the IRS wants you to know about travel while serving a...
by KNSS | Jul 18, 2013 | Planning, Taxes
From IRS Tax Tips: Late spring and early summer are popular times for weddings. Whatever the season, a change in your marital status can affect your taxes.? Here are several tips from the IRS for newlyweds. It?s important that the names and Social Security?numbers...
