Tips For Teenagers With Summer Jobs

Students and teenagers often get summer jobs which can be a great way to earn extra spending money or to save for later. Here are some additional top tips from the IRS for people with summer jobs: New Employees. When a person gets a new job, they need to fill out...

Section 83(b) Election Credits

Making an 83(b) election can save taxpayers significant taxes if they purchase or otherwise acquire shares of “restricted” stock in a company that is appreciating in value.? Over time, the restrictions attached to these shares “lapse” and the...

Checklist to Cut Your 2014 Taxes

It’s not too late to cut your 2014 tax bill.? Prior to Dec. 31st: Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year. This year you can put away up to $17,500 ($23,000 if 50 or older) into your...

Year End Planning for 2014

During December, you should evaluate whether you’ll save any taxes by postponing 2014 income or deductions into 2015 or by accelerating 2015 income or deductions into 2014.? While many factors should be evaluated prior to making your final decision, a few items...