Gifting opportunities in the current market
Your client would like to transfer securities to family members and asks for your help.
New tax breaks for small businesses and their owners, and AMT update
Your client has a small business and is considering some capital expenditures this year but is wondering about the tax implications.
IRS provides guidance on taxation of life insurance policy surrenders, sales and purchases
Your client is considering either a surrender or sale of a life insurance policy and asks about the income tax consequences.
Are new car tax incentives worth it?
Car dealers are heavily promoting new car sales. Your client is thinking this might be the right time to buy and wants to know whether the tax incentives for buying a new car are worth it.
Making a retirement plan contribution before filing a tax return
Situation: One of your clients wants to make a retirement plan contribution before filing his tax return. He has salary from his job and some self-employment income from a side business.