Individual Links

Individual Links
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  • Hits: 1054 Web Link Foreign Exchange Rates

    Planning a trip abroad? This website has up-to-the-minute exchange rates for all major currencies.

  • Hits: 920 Web Link Unclaimed Property Owners List Is the State of Connecticut holding property that belongs to you? Find out by checking this website.
  • Hits: 944 Web Link Social Security Administration The Social Security Administration's website is a great place to request earnings reports or to ask questions about Social Security.
  • Hits: 667 Web Link Your Federal Tax Receipt Enter your annual Social Security Tax, Medicare Tax, and Income Tax and see where your tax dollars go.

Tax Tips Small Business

  • Thinking of Selling Your Corporation?

    Carefully review your options before making a decision

    When it come time to sell your corporation, you have two options. You can either sell the corporation stock or have the corporation sell the assets and distribute the proceeds. The tax implications of the two sales are very different. If you choose to sell the stock, you are the seller. The corporation is not affected by the transaction. The new owner steps into your shoes as the shareholder and takes over the existing corporation. If your share of the proceeds exceeds your basis in the stock, you'll have a capital gain to report on Schedule D.

    Read more ...

Small Business Quick Tip

  • Like Kind Exchange

    If you are disposing of property used in your business, you may want to consider a like-kind exchange to defer the taxable gain on the sale.
Saturday, 21st July 2018
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Tax Tips Personal

  • Is an Inheritance Taxable?

    In most cases, an inheritance is not taxable to you, but there are exceptions

    At some point, you may inherit money or property that, in most cases, is not taxable to you. Life insurance proceeds are included in the deceased person's estate, but are not taxable to the beneficiaries. Bank accounts and other income-producing assets such as stocks are not taxable to you when received, but the income these assets generate is taxable to you.

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Personal Quick Tip

  • Qualified Mortgage Insurance

    In 2016, premiums that are paid or accrued for "qualified mortgage insurance" in connection with home acquisition debt on your residence are deductible as home mortgage interest.