Tax Breaks for Travelers Who Mix Some Pleasure With their Business Travel

Although video conferencing has made inroads in the ranks of business travelers, there still are situations where business travel is necessary.  For example, you may need to travel away from home overnight for face-to-face meetings with staff, management, or customers. In the current vacation season, business people or professionals who must travel for work reasons…

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Depreciation and Expensing Provisions Retroactively Extended by the Tax Increase Prevention Act of 2014

Dear Client, On Dec. 16, 2014, Congress passed the “Tax Increase Prevention Act of 2014” (TIPA, or “the Act”), which the President recently signed into law. As explained in this Special Study, the Act extends through 2014 a host of depreciation and expensing provisions for businesses that had expired at the end of 2013, including…

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Individual Tax Breaks Retroactively Extended by the Tax Increase Prevention Act of 2014

Dear Client, On Dec. 16, 2014, Congress passed the “Tax Increase Prevention Act of 2014,” (TIPA, or “the Act”), which the President recently signed into law. As explained in this Special Study, the Act extends a host of individual tax provisions, including the above-the-line deductions for higher education expenses and educators’ expenses, deductions for state…

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How to Use a 401(k)-to-IRA Rollover to Boost a Future Health Premium Credit

Dear Tax Payer, If you are faced with retirement and/or separation of employment prior to your normal retirement age (65 or 66 for most of us) and have a situation where you must acquire health insurance prior to being eligible for medicare and have a 401 (k) rollover opportunity, then the article below may be of interest…

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