Tag Archives: tax planning
Battling the IRS
There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable. Battling the IRS There comes a time when many Americans must take action against the IRS. The IRS can come … Continue reading
Posted in IRS Tips, Uncategorized
Tagged federal income tax, IRS, tax planning, taxes
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Plan Now to Get Full Benefit of Saver’s Credit
Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2013 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 … Continue reading
Fine-Tuning Capital Gains and Losses
The year’s end has historically been a good time to plan tax savings by carefully structuring capital gains and losses. Let’s consider some possibilities. If there are losses to date − As an example, suppose the stocks and other capital … Continue reading
Client Letter: Year End Planning for 2012 (Businesses)
Dear clients, As the year draws to a close, it’s important that we calculate the expected taxable income or loss of your business and determine if there is anything we can do before the end of the year to mitigate … Continue reading
Year-End Tax Planning Moves for Individuals
Uncertainty dominates year-end tax planning this year. Unless Congress acts, the Bush-era tax cuts will expire and bring higher tax rates and the loss of many deductions and credits starting in 2013. More individuals will be snared by the alternative … Continue reading
Assisting Your Child Acquire a Home
If you are a parent who wants to assist your child in obtaining his or her first home, there are a number of ways you can help. 1. Help with the down payment – Real estate lending laws generally will … Continue reading
Posted in All Taxpayers, Gift, IRS Tips
Tagged gift planning, help your kids, Mortgage help, tax planning
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Murray Tax Services 