by DunlapSLK | Mar 28, 2025 | Resources For Individual Taxpayers
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA and SEP IRA. Since funds can’t stay in these accounts indefinitely, it’s important to understand the rules...
by DunlapSLK | Mar 27, 2025 | Resources For Employers
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture. One benefit of an S corporation One major advantage of an S corporation over a partnership is that shareholders aren’t...
by DunlapSLK | Mar 18, 2025 | Resources For Individual Taxpayers
Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such an investment might be something you’d rather forget, there’s a silver lining: you can claim a capital loss deduction...
by DunlapSLK | Mar 17, 2025 | Resources For Employers, Resources For Individual Taxpayers
Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able to claim a refund. Additional tax relief also might be available. Read on to learn more about the potential opportunities for victims...
by DunlapSLK | Mar 8, 2025 | Resources For Individual Taxpayers, Uncategorized
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in some cases, even if it’s not required to file one, you may want to do so anyway....
