Tag: Tax Planning

SR Video Client Question: “What are the benefits of year-round tax planning?”

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Year-end tax tips for individuals

New legislation has brought greater certainty to year-end planning but also created new challenges. Be sure to meet with your ShindelRock tax professional if you have had any major changes during 2014 or are expecting major financial changes such as retirement or inheritances....

How to adopt, change or retain a tax year

Partnerships, corporations or trusts may be required to file Form 1128 to adopt or retain a certain tax year. To do this, follow these steps: Prepare Form 1128. Fill in Parts I, II, III and Section B. File before the...

Knowing how to handle capital gains and losses can save taxes

If you’ve lost money in the stock market this year, consider this:  You may have other assets that have appreciated in value that could be sold before year-end, thereby offsetting gains with pre-existing losses. Long-term capital losses are used to...

Tips to Start Planning for Next Year’s Tax Return

For most taxpayers, the tax filing deadline has passed. However, planning for next year can start now.   Being organized and planning ahead can save time and money in 2014, so here are a few things you can do now to...