Dec 13, 2016 | Tax Planning and Preparation
As 2016 draws to a close, there are some important items to keep in mind when putting together information for 2016 W-2’s. Company provided vehicle: If your company provides you, or any employee, with a company vehicle that is also used personally, you should include...
Dec 12, 2016 | Tax Legislation
As part of the Protecting Americans from Tax Hikes (PATH) act, passed at the end of 2015, new deadlines were instituted for Forms W-2 and 1099-MISC, along with penalties for failure to comply. For forms reporting income from 2016, these must now be provided to both...
Dec 3, 2016 | Helpful Articles, Tax Planning and Preparation
Anyone who has stock options, grants or appreciation rights knows that cashing in can have big tax implications in that year. An 83(b) election is a tool for reducing the overall tax by strategically taxing them when granted, instead of when exercised or vested. While...