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MCGOWEN HURST CLARK & SMITH Online Resource Library

Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? How do income taxes affect my trusts? Are my 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? How c...

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MCGOWEN HURST CLARK & SMITH Online Resource Library | mhcscpa.checkpointapps.com Reviews
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Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? How do income taxes affect my trusts? Are my 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? How c...
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2 guide
3 tax basics
4 investing
5 real estate
6 business
7 family and education
8 charitable giving
9 retirement
10 estate planning
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MCGOWEN HURST CLARK & SMITH Online Resource Library | mhcscpa.checkpointapps.com Reviews

https://mhcscpa.checkpointapps.com

Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? How do income taxes affect my trusts? Are my 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? How c...

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mhcscpa.checkpointapps.com mhcscpa.checkpointapps.com
1

MCGOWEN HURST CLARK & SMITH Online Resource Library

http://mhcscpa.checkpointapps.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. Residence also may be deductible. Home equity debt interest deduction. This has been extended thro...

2

MCGOWEN HURST CLARK & SMITH Online Resource Library

http://mhcscpa.checkpointapps.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. Large estates must report fair market values. Under ...

3

MCGOWEN HURST CLARK & SMITH Online Resource Library

http://mhcscpa.checkpointapps.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...

4

MCGOWEN HURST CLARK & SMITH Online Resource Library

http://mhcscpa.checkpointapps.com/resource_library/tg-family.cfm

Turn saving tax dollars into a family tradition. Raising children and helping them pursue their educational goals — or pursuing your own — can be highly rewarding. But it also can be expensive. So make sure that you and your family are taking advantage of the credits, deductions and other tax-saving opportunities that apply to you. Savvy, strategic tax-related decision-making can become a family tradition, if it's not already. The credit phases out for higher-income taxpayers. If you adopt, you may be ab...

5

MCGOWEN HURST CLARK & SMITH Online Resource Library

http://mhcscpa.checkpointapps.com/resource_library/tg-business-executive.cfm

BUSINESS and EXECUTIVE COMPENSATION. Tackle tax planning strategies head on. Running a profitable business these days isn't easy. You have to operate efficiently, market aggressively and respond swiftly to competitive and financial challenges. But even when you do all of that, taxes may drag down your bottom line more than they should. Don't let that happen. Take steps like these — and work with your tax advisor — to make your tax bill as small as possible. Deferring income to next year. If your business...

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Answers to Your Tax Questions. How will the election outcome affect future tax law changes? What is the tax impact of owning a vacation home? How does today s high estate tax exemption affect charitable giving strategies? How do income taxes affect my trusts? Are my 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? How c...

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