Tag Archives: North Carolina CPA

TMTW # 74 – Balancing Your Investment Choices with Asset Allocation

Tax and Money Tip of the Week Balancing Your Investment Choices with Asset Allocation  December 28, 2011 | No. 74 As we look towards a new year, it is a good time to review your investment choices. Getting the right mix The … Continue reading

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FEDERAL INCOME TAX OUTLOOK

“How will taxes impact me & my business in 2012?” “What about 2013?” Continue reading

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Investing Tip #1 – Revisited for year end

Considering all the volatility over the last few weeks, here are some thoughts to consider investing today, that our parents may not have taught us.
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Don’t Forget Your Required Minimum Distribution (RMDs) for 2011

If you are age 70 1/2, don’t forget to take out your RMDs for 2011 from your IRAs before 12/30/2011.

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Year-End Tax Planning

A year-end tax planning meeting with your CPA can keep you informed of your year-end tax situation for cash flow purposes. Know how to not overpay your taxes. You can also avoid potential penalties. Year-end tax planning recommendations can frequently pay for itself.

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Education Tax Deductions, Part II

Here is a brief overview of two deductions and how they can be a real benefit to help ease the burden of higher education costs.

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Education Tax Deductions, Part I

With the current weak economic conditions, many people are considering additional education to refresh skills or acquire new ones. This week we have more to discuss on tax breaks that may be available to you if you are going back to school.

Here is a brief overview of two deductions and how they can be a real benefit to help ease the burden of higher education costs.

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Education Tax Credits, Part II

Here is a brief overview of the Lifetime Learning Credit and how it can be a real benefit to help ease the burden of higher education costs. Continue reading

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Money Tip – Investing 101 #4

Considering all the volatility over the last few weeks, here are some thoughts to consider investing today, that our parents may not have taught us.

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Clarification of Qualified Medical Deductions

Up until now, it has been unclear what medical expenses are eligible for a tax deduction. A strict reading of the prior rules seemed to indicate only expenses incurred to pay for “skilled” caregivers was a qualified expense.

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