1. You must donate to a qualified charity if you want to deduct the gift. You can’t deduct gifts to individuals, political organizations or candidates.
2. In order for you to deduct your contributions, you must file Form 1040 and itemize deductions.
READ MOREThese brochures are a summary of the key tax law changes in 2013 for individuals and small businesses that may affect you.
2013 Individual Tax Law Snapshot
2013 Small Business Tax Law Snapshot
If you are wondering about the need for Long-Term Disability Insurance, but figure you are covered with Social Security. Be sure to consider:
READ MOREThe following individual income tax deductions, credit and exclusions will expire at the end of this month:
As we enter the final 3 months of the tax year, here are a couple of strategies to consider with your non-retirement investment portfolio.
Syndicated talk show host Dave Ramsey has selected CPA Kevin Boudreau as one of his Endorsed Local Providers in the Phoenix area for tax services. For more information, contact Kevin at (480) 776-3358.
As we enter the final 3 months of the tax year, here are a couple of strategies to consider with your non-retirement investment portfolio.
READ MOREAs some companies look to avoid certain administrative and financial headaches of employing workers, they make arrangements with individuals to be independent contractors who generally get paid without benefits and worker protections.
But be careful. The IRS and courts have certain working environment aspects that are used to evaluate the true definition of the worker.
This comes to light again as a federal judge ruled earlier this week that Rick’s Caberet, a strip club, has to pay its dancers minimum wage and treat them as employees. The club had long classified its dancers as independent contractors and were only paid in customer tips, thus skirting minimum wage rules. This week’s ruling means that 1,900 of Rick’s Caberet International current and former dancers can seek back wages, according to NBCNews.com.
READ MOREThe Internal Revenue Service has issued final regulations for the shared responsibility payment for not maintaining minimum essential coverage under the Affordable Care Act.