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LOOKING FOR BUSINESS TAX DEDUCTIONS? LOOK NO FURTHER THAN YOUR BUSINESS VEHICLE!

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The options for deducting the business use of a vehicle are both…

LARGE EMPLOYERS MUST OFFER AFFORDABLE HEALTH COVERAGE BEGINNING IN 2015

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Article Highlights: Employers subject to the insurance mandate …

IS A 1031 EXCHANGE RIGHT FOR YOU?

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Article Summary: Basic rules of 1031 exchanges Advantages…

WHEN BUSINESS PROPERTY MUST BE DEPRECIATED

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Generally when property is purchased for use in a business and…

GETTING THE MOST OUT OF EMPLOYEE BUSINESS EXPENSE DEDUCTIONS

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Article Highlights: 2% of income deduction floor Alternative…

CARE FOR THE ELDERLY

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When the elderly reach the point that they can no longer care…

CARING FOR AN ELDERLY OR INCAPACITATED INDIVIDUAL

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With people generally living longer, we frequently find ourselves…

SHARED RESPONSIBILITY PAYMENT – PENALTY FOR BEING UNINSURED

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Penalty Calculation - There is a penalty for not having health…

ADDITIONAL MEDICARE (HOSPITAL INSURANCE) TAX - HIGH-INCOME TAXPAYERS

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The Medicare (aka Hospital Insurance (HI)), tax rate (currently…

HOW DOES THE AFFORDABLE CARE ACT AFFECT YOU AND YOUR TAXES?

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The health care legislation, the Affordable Care Act (aka Obamacare),…

ELDERCARE CAN BE A MEDICAL DEDUCTION

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With people living longer, many find themselves becoming the…

$500,000 COMPENSATION DEDUCTION LIMIT FOR HEALTH INSURANCE ISSUERS

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For services performed during that year, a covered health insurance…

HOUSEHOLD EMPLOYEE WAGE REPORTING – ARE YOU LIABLE?

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If you employ someone who works in your home, you may be subject…

IMPAIRMENT-RELATED MEDICAL EXPENSES

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Amounts paid for special equipment installed in the home or for…

AMERICAN HEALTH BENEFIT EXCHANGES

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Each state may establish an Insurance Exchange (more often termed…

LIFE-CARE FACILITIES FEE

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Some retirement homes and care facilities require the payment…