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Aug 29   by Admin

New Medicare Taxes & Planning Opportunities

The tax landscape is changing as a result of the Patient Protection and Affordable Care Act, and taxpayers are working on understanding how the new Medicare taxes will affect them. Up until the 2013 tax year, the Medicare tax of 2.9% was only levied on earned income [...]

Aug 5   by Admin

Understanding the Tax Ramifications of Selling Your Home

When you sell your home, the profit on it can be substantial. The good news is that once every two or more years, you are permitted to sell your primary residence and exclude $250,000 profit ($500,000 if you're married and file jointly) from your income. [...]

Aug   by Admin

NUTS & BOLTS OF S CORPORATION SHAREHOLDER MEDICAL BENEFITS

S Corporation shareholder-employees benefit from having the corporation cover their medical benefits in two ways. They benefit from being able to deduct the amount of health and accident insurance premiums from their gross income before calculating taxes on it, [...]

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