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TAX & ACCOUNTING TALK FROM MPS

The MPS|CPA accounting blog is your home for thoughts on industry trends and issues, news from around the financial world, and much more.

Do You Know the Tax Implications of Your C Corp.’s Buy-Sell Agreement?

Will your C corp.’s buy-sell agreement produce adverse tax consequences? This blog post explores the different tax outcomes and other issues that can arise from buy-sell agreements to help you decide what is right for your business.

By |April 25th, 2017|Categories: Blog, Business Planning|0 Comments

Individual Taxpayers Calendar: Key Deadlines for the Remainder of 2017

Here are a few key tax-related deadlines for individuals through the rest of 2017. Use this calendar and never miss a deadline again.

By |April 18th, 2017|Categories: Blog, Tax Planning and Tips|0 Comments

A Timely Postmark on Your Tax Return May Not Be Enough to Avoid Late Filing Penalties

The 2016 tax return filing deadline for individuals is April 18, and the IRS considers a paper return to be timely filed if postmarked by midnight. If you owe tax, dropping your return, along with a check for the tax due, in a mailbox on the 18th may not be sufficient. Learn more about how you can avoid late filing penalties in this blog post.

By |April 11th, 2017|Categories: Blog, Tax Planning and Tips|0 Comments

Save With Home-Related Tax Deductions and Exclusions

Home ownership comes with many tax-saving opportunities to consider when filing your 2016 return or tax planning for 2017, such as property tax, mortgage interest, home-equity-debt interest and home office deductions and rental income and home-sale gain exclusions. Learn more in this blog post.

By |April 4th, 2017|Categories: Blog, Tax Planning and Tips|0 Comments

Key 2017 Tax Deadlines in Q2 for Businesses and Other Employers

Don't miss the tax deadlines that you need to meet! This blog post lists a few key ones for businesses and other employers during the second quarter of 2017 to help you stay on top of things.

By |March 28th, 2017|Categories: Blog, Tax Planning and Tips|0 Comments

Who Can — And Who Should — Take the American Opportunity Tax Credit?

Who can take the American Opportunity tax credit? If you have a child in college, you may be eligible to claim the credit (up to $2,500) on your 2016 income tax return. Learn more about whether you qualify in this blog post.

By |March 21st, 2017|Categories: Blog, Tax Credits|0 Comments