How to treat your business website costs for tax purposes


Nearly every business has a website and the IRS hasn’t yet released official guidance on the tax treatment of website development costs. However, you can apply existing guidance on other costs. Here’s the story.

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Uncle Sam may provide relief from college costs on your tax return


Want to offset the high cost of college? There may be a federal tax credit for higher education costs that you can claim. Here are the basic details.

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5 ways to withdraw cash from your corporation while avoiding dividend treatment


Dividends paid out by corporations are taxable to shareholders and can’t be deducted by the corporation. But there may be ways to get cash out of your corporation without dividend treatment. Here are five ideas.

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Getting a divorce? There are tax issues you need to understand


Getting a divorce can be a painful process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the process of getting a divorce.

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2019 Q4 tax calendar: Key deadlines for businesses and other employers


For businesses, fall means it’s time to begin year-end tax planning. It’s also time to think about the fourth quarter 2019 filing deadlines.

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The next estimated tax deadline is September 16: Do you have to make a payment?


The third estimated tax payment deadline is coming up. Here are the details of when it is and whether you’re required to make a payment.

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Expenses that teachers can and can’t deduct on their tax returns


Are you an educator heading back to school and spending money out of your pocket to teach your students? You may be eligible for a special tax break.

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The tax implications of a company car


For many business owners, a company car is a sign they’ve achieved success. Here are the basic tax breaks and tax implications involved in this fringe benefit.

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Taking distributions from your traditional IRA


Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs. Here are three areas to understand in order to maximize your retirement savings.

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Should you elect S corporation status?


One of the most popular business structures is the S corporation because of its liability protection and tax benefits. Could it work for you?

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