Mortgage interest rates continue to be low, and home values are on the uptick. If you are considering a refinance, there are some important home mortgage interest rules you should be aware of. Generally, the mortgage interest that you may deduct on your home includes the interest paid on the acquisition debt and on up […]
http://tarlow.com/wp-content/uploads/2016/05/logo.png00louadminhttp://tarlow.com/wp-content/uploads/2016/05/logo.pnglouadmin2015-01-06 17:52:412015-01-06 17:52:41Refinanced Mortgage Interest May Not All Be Deductible
In general, beginning January 1, 2015, employers with at least 100 full-time and full-time-equivalent employees must offer affordable health coverage that provides minimum value to at least 95% of their full-time employees and their dependents or they may be subject to an employer shared responsibility payment. This payment applies only if at least one of […]
http://tarlow.com/wp-content/uploads/2016/05/logo.png00louadminhttp://tarlow.com/wp-content/uploads/2016/05/logo.pnglouadmin2015-01-06 17:51:322015-01-06 17:51:32Large Employers Must Offer Affordable Health Coverage Beginning In 2015
Frequently, taxpayers think that gifts of cash, securities or other assets they give to other individuals are tax deductible and, in turn, the gift recipient sometimes thinks income tax must be paid on the gift received. Nothing is further from the truth. To fully understand the ramifications of gifting, one needs to realize that gift […]
Individuals can deduct as miscellaneous itemized deductions certain expenses that they incur in the course of their employment. Generally, qualified business expenses are un-reimbursed expenses that are both ordinary (common and accepted in your industry) and necessary and do not include personal expenses. Employee Business Expenses There are two major barriers to deducting employee business […]
http://tarlow.com/wp-content/uploads/2016/05/logo.png00louadminhttp://tarlow.com/wp-content/uploads/2016/05/logo.pnglouadmin2015-01-06 17:49:592015-01-06 17:49:59Getting the Most Out of Employee Business Expense Deductions
Refinanced Mortgage Interest May Not All Be Deductible
/0 Comments/in Deductions /by louadminMortgage interest rates continue to be low, and home values are on the uptick. If you are considering a refinance, there are some important home mortgage interest rules you should be aware of. Generally, the mortgage interest that you may deduct on your home includes the interest paid on the acquisition debt and on up […]
Large Employers Must Offer Affordable Health Coverage Beginning In 2015
/0 Comments/in Affordable Care Act /by louadminIn general, beginning January 1, 2015, employers with at least 100 full-time and full-time-equivalent employees must offer affordable health coverage that provides minimum value to at least 95% of their full-time employees and their dependents or they may be subject to an employer shared responsibility payment. This payment applies only if at least one of […]
Tax Smart Gifting
/0 Comments/in Gift Tax /by louadminFrequently, taxpayers think that gifts of cash, securities or other assets they give to other individuals are tax deductible and, in turn, the gift recipient sometimes thinks income tax must be paid on the gift received. Nothing is further from the truth. To fully understand the ramifications of gifting, one needs to realize that gift […]
Getting the Most Out of Employee Business Expense Deductions
/0 Comments/in Business Tax, Deductions, Tax Deduction /by louadminIndividuals can deduct as miscellaneous itemized deductions certain expenses that they incur in the course of their employment. Generally, qualified business expenses are un-reimbursed expenses that are both ordinary (common and accepted in your industry) and necessary and do not include personal expenses. Employee Business Expenses There are two major barriers to deducting employee business […]