The Proactive Solutions Blog

Tax Planning and Preparation Blogs

Many Tax Deadlines Fall On April 18

As you prepare for tax day, remember that the following are also due on April 18, 2017.As you prepare for tax day, remember that the following are also due on April 18, 2017.

Read full post  |  Posted by Steven M. Weber on 04.06.17


Last Chance to Claim a 2013 Refund

According to the IRS, nearly one million taxpayers who failed to file a return for 2013 are in danger of losing refunds.

Read full post  |  Posted by on 04.04.17


Name Mismatch?

If you or a dependent had a name change in 2016, notify the Social Security Administration (SSA) before you file your tax return with the IRS.

Read full post  |  Posted by on 03.01.17


That’s taxable?

Taxable or not taxable? The taxability of income, gifts, or services you receive might surprise you. Read more.

Read full post  |  Posted by on 03.01.17


Investment Diversification with a Tax Focus

You might not be used to thinking of your investments in terms of taxable, tax-deferred, and tax-free. Learn why you might want to. Read more.

Read full post  |  Posted by on 03.01.17


2017 Section 179 Deduction

In 2017, businesses can expense up to $510,000 of qualified new or used business equipment purchases, with a $2,030,000 annual purchase limit. In addition, new equipment purchased in 2017 may qualify for 50% bonus depreciation. This rate drops to 40% in 2018, so plan your purchasing accordingly.

Read full post  |  Posted by R. David O’Brien on 02.02.17


Update Your Mileage Rate Reimbursements For 2017

If you intend to use your vehicle for business, charitable activities, medical appointments, or moving during 2017, be aware that the optional standard mileage rates for computing the deductible costs have changed.

Read full post  |  Posted by Steven M. Weber on 01.04.17


Do You Need To Revise Your Final Estimated Payment?

The last installment of your 2016 estimated federal income tax is due January 17, 2017.

Read full post  |  Posted by on 01.04.17


Year-End Is Fast Approaching

Consider these planning ideas:

Sell stocks currently held at a loss. You can write off the first $3,000 of those losses as an ordinary loss and the excess capital loss can be used to offset capital gain.

Read full post  |  Posted by James F. Weber on 12.22.16


2016 Year-End Tax Planning for Individuals

Individual income taxes, whether paid through employer withholding or quarterly estimates, are probably one of your largest annual expenditures. So, just as you would shop around for the best price for food, clothing, or merchandise, you want to consider opportunities to reduce or defer your annual tax obligation. This Tax Letter is intended to assist you in that effort. 

Read full post  |  Posted by on 12.16.16


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