Tag Archives: de minimis safe harbor rule

Recent Developments that May Affect Your Tax Situation, Part 2

This is Part 2 of 2. Rules for ABLE accounts are liberalized. For tax years beginning after December 31, 2014, States can create “Achieving a Better Life Experience” (ABLE) programs, which provide for a new type of tax-advantaged account for … Continue reading

Posted in Corporate Taxes, Government, Health Care, IRS, Personal Taxes, Premium Tax Credit, Tax Deductions, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , , ,

Preparing for the End of the Year

Self-Employed Considerations If you are self-employed and your business has shown losses for the past several years, there is a danger that the IRS will consider your business a hobby and disallow deductions in excess of revenue. If you are in … Continue reading

Posted in Compliance, Gift Tax, IRS, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Tax Law Changes, Tax Tips, Taxes, Year End | Tagged , , , , , , , , , ,