Tax-advantaged retirement plans like IRAs allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. The deadline for 2017 contributions is April 17, 2018.
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018.
Perhaps. It depends on several factors, such as your parent’s income and how much financial support you provided.
Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange.
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream.
When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the only deadline taxpayers need to think about.
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return.
Many businesses hired in 2017, and more are planning to hire in 2018.
Robert Hagenow, CPA, MT
Principal, Maillie LLP