Tag Archives: year-end tax planning for individuals

Year End Tax Planning Considerations For The Individual

Below are some important steps to keep in mind as we approach the 2019 tax season: 1. Higher-income earners must be wary of the 3.8% surtax on certain unearned income. The surtax is 3.8% of the lesser of: 1. NET … Continue reading

Posted in Charitable Organizations, IRS, Personal Finance, Personal Taxes, Planning Strategies, Retirement, 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 , , , , , , , , , ,