Diversified Tax Tidbits – Divorce or separation tax implications
#MIDDLEBURY
by Mark A. Burns
Whether we like it or not, a high portion of marriages end in divorce or separation. This month’s column discusses some of the tax implications you ... Continue Reading →
Your business: LLC or S Corp?
DIVERSIFIED TAX TIDBITS by Mark A. Burns
When someone starts a new business, the business entity they most commonly choose is a Limited Liability Company (LLC). This often make sense, ... Continue Reading →
Diversified Tax Tidbits – Turning your home into a rental property – Part 2
#MIDDLEBURY
by Mark A. Burns
In last month’s column, we discussed some of the basic issues related to turning your personal residence into a rental property. This month we will ... Continue Reading →
DIVERSIFIED TAX TIDBITS – Turning your home into a rental property
by Mark A. Burns
These days, more and more people who wish to sell their home cannot sell it for the price they want and so they fall back on Plan B – renting it out. Common questions ... Continue Reading →
Are moving expenses deductible?
DIVERSIFIED TAX TIDBITS by Mark A. Burns
The end of the school year is approaching, and many families will be moving into new homes for various reasons, including corporate relocations. ... Continue Reading →
Individual Retirement Accounts (IRA) – Part 2
Diversified Tax Tidbits by MARK A. BURNS
Last month we discussed the general rules about who is eligible to contribute to each type of IRA. Now we will discuss how to maximize tax ... Continue Reading →
Making contributions to an IRA
Diversified Tax Tidbits by MARK A. BURNS
We highly recommend that you save as much as possible towards your retirement. Even if you are fortunate enough to be covered by an employer’s ... Continue Reading →
The Affordable Care Act (aka Obamacare) and your tax return
DIVERSIFIED TAX TIDBITS by Mark A. Burns
On your 2014 tax return, for the first time, you will see the implications of The Affordable Care Act (Obamacare). The degree to which you ... Continue Reading →
