Category: Tax Planning
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In today’s competitive business environment, attracting and retaining top executives is a challenge. High performing executives expect competitive compensation packages that go beyond traditional salaries and 401(k) plans. One of the most powerful yet underutilized strategies for rewarding key employees is the Executive Bonus Plan under IRS Section 162. While structuring an executive bonus plan…
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With a new presidential administration, massive changes are coming, so its important to know what the new Trump Tax Plan has in store for Americans. The Tax Cuts and Jobs Act (TCJA) of 2017 is set to expire, and President Donald Trump has proposed a new tax plan to extend its benefits and introduce additional…
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If you’re selling an asset or your business with significant appreciation, you might be concerned about the capital gains taxes you’ll owe. One effective strategy to reduce your immediate tax burden while still securing a profitable deal is an installment sale. This method allows you to spread out your taxable income over time instead of…
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Tax season can be stressful, especially when unexpected or confusing tax forms arrive in the mail. One of the most common sources of confusion are the 1099 Tax Forms, which report various types of income and distributions. Understanding these forms is crucial to filing accurate tax returns and avoiding unnecessary headaches. This article will break…
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The financial landscape is changing, and one of the most significant threats to your retirement savings is taxation. Imagine building a substantial nest egg over decades, only to see a large portion of it eroded by taxes in retirement. This is the reality for those relying solely on tax-deferred accounts like traditional IRAs and 401(k)s.…