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Tax Connections Newsletter – Spring 2013
It’s Time for Mid-Year Tax Planning ROB SWENSON Early this year, the American Taxpayer Relief Act (ATRA) triggered a flurry of activity as taxpayers scrambled to assess the new law’s impact on their 2012 tax bills. Now that the dust has settled, it’s a good time to embark on some mid-year tax planning. Businesses, in […]
Tax Connections Newsletter – Winter 2012
Restricted Stock and Restricted Stock Units: How are they Taxed? ROB SWENSON Over the last seven years, restricted stock and restricted stock units (RSUs) have grown in popularity as incentive compensation tools, while the use of stock options has declined. So it’s important — for employers and employees alike — to understand their tax implications. […]
Tax Connections Newsletter – Special End-of-Year Edition
It is never too early to start planning your New Year’s Eve celebration. More importantly, with various tax incentives scheduled to expire once the ball drops on 2012, it’s also never too early to consider year-end tax planning. Currently, there are many expired and expiring tax provisions. We will take a look at three of them as they relate to your year-end hiring and purchasing decisions.
Tax Connections Newsletter – Fall 2012
Make Sure Your Tax Payments Are on Track The IRS doesn’t wait until returns are filed to collect income taxes from taxpayers. Most people are required to pay tax during the year by making quarterly estimated tax payments to the IRS or having their employers withhold income taxes from their paychecks. It’s important to pay […]
Tax Connections Newsletter – Summer 2012
Renting Out a Vacation Home? Do Some Planning Renting out a second home can help defray the cost of owning and maintaining the property. And there may be valuable tax benefits from the rental arrangement as well. Here are some things to think about if you are going to rent out a vacation property. Two […]
Tax Connections Newsletter – Spring 2012
The Alternative Minimum Tax Trap When the alternative minimum tax (AMT) system was introduced in the early 1980s, it was intended to prevent a small number of taxpayers with substantial economic income from completely avoiding federal income taxes through the use of exclusions, deductions and credits. The idea was to have those taxpayers do a […]
Tax Connections Newsletter – Winter 2011
Avoid These Traps When Moving IRA and Retirement Plan Assets It pays to be careful when moving money from one traditional individual retirement account (IRA) to another or from an employer’s retirement plan to an IRA. Unless you follow certain guidelines, you may find yourself paying taxes on what could have been a tax-free transaction. […]
Tax Connections Newsletter – February 2012
Business Travel Away from “Home”- What’s Deductible? It’s not uncommon for employees to be given temporary job assignments that require them to be out of town for an extended period. In this situation, certain living costs may be deductible. Your “Tax Home” If you’re an employee, your “home” for travel expense purposes is the location […]
Tax Connections Newsletter – Fall 2011
Welcome to ORBA’s first bi-monthly Tax Connections Newsletter. Here you will find useful information on timely tax and accounting issues. Please feel free to comment and leave any thoughts or feedback you have. Be sure to check back every two months for a new issue as well as subscribe to our blog for weekly articles!