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KLR Online Resource Library

Answers to Your Tax Questions. What are some of the most significant changes in the new tax reform law for individuals? How can I turn my photography hobby into a business and deduct my expenses? What is the 2017 tax impact of owning a vacation home? Are my 2017 work-related education expenses deductible? How do I know if I m required to make estimated tax payments? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We would ...

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Answers to Your Tax Questions. What are some of the most significant changes in the new tax reform law for individuals? How can I turn my photography hobby into a business and deduct my expenses? What is the 2017 tax impact of owning a vacation home? Are my 2017 work-related education expenses deductible? How do I know if I m required to make estimated tax payments? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We would ...
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KLR Online Resource Library | kahnlitwin-taxguide.bizactions.com Reviews

https://kahnlitwin-taxguide.bizactions.com

Answers to Your Tax Questions. What are some of the most significant changes in the new tax reform law for individuals? How can I turn my photography hobby into a business and deduct my expenses? What is the 2017 tax impact of owning a vacation home? Are my 2017 work-related education expenses deductible? How do I know if I m required to make estimated tax payments? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We would ...

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Kahn, Litwin, Renza (KLR) Online Resource Library

http://kahnlitwin-taxguide.bizactions.com/resource_library/tg-charity.cfm

Take Advantage of One of the Most Flexible Tax Planning Tools. To ensure your gifts do as much as possible for both your favorite charities. Your tax bill, discuss with your tax advisor which assets to give and the best ways to give them. Outright gifts of cash (which include donations made via check, credit card and payroll deduction) are the easiest. The key is to substantiate them. To be deductible, cash donations must be:. Substantiated by the charity if they're $250 or more. Because you can deduct t...

2

Kahn, Litwin, Renza (KLR) Online Resource Library

http://kahnlitwin-taxguide.bizactions.com/resource_library/tg-retirement.cfm

Making Golden Decisions about Your Golden Years. Planning for your retirement means making a series of financial decisions that will have an impact on your golden years: Should you invest in a traditional tax-deferred plan, a Roth plan that offers tax-free distributions, or both? If you opt for a Roth plan, which of the several options available is right for you? Also, when should you start withdrawing from your retirement savings, and in what amounts? 401(k)s and Other Employer Plans. If your employer p...

3

Kahn, Litwin, Renza (KLR) Online Resource Library

http://kahnlitwin-taxguide.bizactions.com/resource_library/tg-estate-planning.cfm

Seize Opportunities While They Are Available. With estate, gift and generation-skipping transfer (GST) tax exemptions at record-high levels, far fewer taxpayers need to worry about being subject to these taxes. But Congress could still pass legislation at any time making estate tax law changes — and not necessarily for the better. Transfer Tax Exemptions and Rates. Estate, gift and GST tax rate. Less any gift tax exemption already used during life. Maureen uses $3 million of her gift tax exemption by mak...

4

Kahn, Litwin, Renza (KLR) Online Resource Library

http://kahnlitwin-taxguide.bizactions.com/resource_library/tg-real-estate.cfm

How Real Estate Can Reduce Your Tax Obligation. To maximize the tax benefits of property ownership, homeowners, investors and real estate professionals alike need to be aware of the breaks available to them as well as the rules and limits that apply. Whether you're selling your principal residence, renting out a vacation property or maintaining a home office, tax savings are available if you plan carefully. You generally can deduct (for both regular tax and AMT purposes) interest on up to a combined tota...

5

Kahn, Litwin, Renza (KLR) Online Resource Library

http://kahnlitwin-taxguide.bizactions.com/resource_library/tg-basics.cfm

To Save or Defer Tax, Think about Timing. When it comes to tax planning, nothing is simple. For example, first you need to consider your marginal tax rate — this is the regular rate you'll pay on your next dollar of "ordinary income" (salary, business income, interest and more). 2016 ordinary income tax brackets. Married filing jointly or surviving spouse. Married filing jointly or surviving spouse. You also need to consider the various tax deduction and credits that could save you taxes. Before taking a...

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KLR Online Resource Library

Answers to Your Tax Questions. What are some of the most significant changes in the new tax reform law for individuals? How can I turn my photography hobby into a business and deduct my expenses? What is the 2017 tax impact of owning a vacation home? Are my 2017 work-related education expenses deductible? How do I know if I m required to make estimated tax payments? If I provide monetary support to relatives, should I give a gift or a loan? Do I need professional appraisals of my noncash gifts? We would ...

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