This time last year, taxpayers had to provide health insurance information on their income tax returns for the first time. As with any new tax-reporting provision, the process proved more burdensome for some than for others. The second year could bring its own set of unpleasant surprises.
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Tag Archives: Tax Issues (Sentinel)
Overlooked Tax Changes Are Coming In 2016
An old saying goes “the third time is the charm.” I guess for Congress, we can say the 35th time is the charm.
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Moving From A High-Tax State
As people approach retirement, some succumb to the temptation to move south in pursuit of warmer weather, a lower cost of living and lower taxes. Others, like me, make this choice much earlier in life. Regardless of when you consider moving to a lower-tax state, be sure to examine your priorities and the implications of the move.
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A Tax Strategy Gone Wrong
What does it mean to control an asset?
The answer is sometimes complicated and always of great interest to the Internal Revenue Service.
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Working With Working Interests
With oil prices recently falling to post-recession lows, not many investors are looking for the best way to get into the energy sector, yet there are some interesting possibilities for those who want to go against the herd.
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How To Value A Professional Practice
If you have seen the television show “Shark Tank,” you have probably heard this question: “How do people actually value a professional business?” Many factors go into a valuation, and “Mr. Wonderful” does not always have the right answer.
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A New Tool To Address Special Needs
In Washington’s current hyper-partisan climate, a law with strong bipartisan support is worthy of notice. Yet one such law, which had the further distinction of creating a new financial planning option for individuals with disabilities and their families, may have flown under your radar as 2014 wound to a close.
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How To Benefit From Tax Diversification
Tax diversification is integral to a well-structured retirement plan. By holding assets in accounts with different tax treatments, such as …
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When And How To Make An 83(b) Election
Many people associate taxes with only one date: April 15. In reality, though, tax planning should be a year-round part …
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How Do You Know If Your Domicile Has Changed?
While home is said to be where the heart is, that definition is unlikely to pass muster with state and local tax authorities, who have a vested interest in a more specific definition.
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