2/20/2013· Taxation
Are My Social Security Benefits Taxable? Don't be Surprised at Tax Time
By: Joseph Matheson
When it comes to retirement many Americans believe they can count on their full Social Security benefits as a core element of income.
By: Joseph Matheson
Tel: (973) 428-8885
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While 2012 winds down, there is still time to reduce your tax burden. Here are six ideas that can save money for most of us.
Here are some ideas if your strategy is to minimize taxable income this year:
Plus a bonus thought. Look for ways to double dip the tax savings. One of the best examples of this is the donation of appreciated stock (held over one year) to a charitable organization. Not only do you get to deduct the appreciated value of the stock, you also avoid paying capital gains tax on the increased value of the shares.
Joseph B. Matheson is a Certified Public Accountant with more than twenty-five years of public and private accounting experience. Mr. Matheson passed the CPA exam with one of the highest scores in the nation, garnering honors at both the state and national level. His knowledge and experience guarantees focus on the needs of businesses and high net worth individuals and providing litigation and forensic support to attorneys and litigants.
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2/20/2013· Taxation
Are My Social Security Benefits Taxable? Don't be Surprised at Tax Time
By: Joseph Matheson
When it comes to retirement many Americans believe they can count on their full Social Security benefits as a core element of income.
2/6/2014· Taxation
Tips for Taxpayers about Identity Theft and Tax Returns
By: Joseph Matheson
Identity theft remains a top priority for the Internal Revenue Service in 2014. Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS. This year, the IRS continues to take new steps and strong actions to protect taxpayers and help victims of identity theft and refund fraud.
6/29/2012· Taxation
Tax & Estate Planning: The Benefits of a Family Limited Partnership
By: ECS Financial
Years ago, a family limited partnership (FLP) was little more than a clever loophole used almost exclusively by wealthy persons. But the FLP's mystique has diminished in recent years, making it a popular and effective estate-planning tool for many.