Medicare Tax: Start Planning Ahead
The significant new health care legislation imposes a unique “payroll tax” on investment income. At least the new tax doesn’t kick in until 2013 providing… Read More »Medicare Tax: Start Planning Ahead
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A Smart Way to Payoff Debt
It is important to acknowledge that many individuals are in debt, therefore you among many struggle to get rid of it. However, debt is not… Read More »A Smart Way to Payoff Debt
Check out the pros and cons of debit cards
Open your wallet and compare your debit and credit cards. Both probably sport a logo, an embossed account number, an expiration date and, of course,… Read More »Check out the pros and cons of debit cards
When are social security benefits taxed?
Are you considering post-retirement employment? If you’re collecting social security and thinking of returning to the work force, you may have questions about the effect… Read More »When are social security benefits taxed?
New mortgage interest break
The tax law permits generous deductions for mortgage interest paid in connection with “acquisition debt” and “home equity debt” of a qualified residence. Now a… Read More »New mortgage interest break
Forming a Partnership
The following sections contain general information about partnerships. Organizations Classified as Partnerships An unincorporated organization with two or more members is generally classified as a… Read More »Forming a Partnership