Finance & Accounting

Tax Bites: Accelerating Deductible Expenses to Save Taxes

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating deductible expenses into the current year typically … Continue reading

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R&D Tax Credits for Manufacturers – Keep More of the Money You Earn

Recent growth in domestic manufacturing brings with it the challenge of how manufacturers fund growth, particularly given shrinking funding sources and heightened regulatory requirements. As competition increases on a global level, domestic manufacturers are evaluating multiple options to address funding concerns. Corbett, … Continue reading

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Tax Alert – 2014-15 Cost-of-Living Adjustments

Abstract:   On Oct. 30, the IRS issued its cost-of-living adjustments for 2015. In a nutshell, with inflation remaining in check, many amounts increased only slightly, and some stayed at 2014 levels. This article provides an overview of important 2015 amounts related to … Continue reading

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Will the lame-duck Congress revive expired tax breaks for 2014?

With the midterm elections now behind us and control of the U.S. Senate set to shift parties in January, it’s time to revisit the valuable tax breaks that expired at the end of 2013. Will the lame-duck 113th Congress revive any of … Continue reading

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Tax Bites: How higher-bracket taxpayers can take advantage of the 0% long-term capital gains rate

The long-term capital gains rate is 0% for gain that would be taxed at 10% or 15% based on the taxpayer’s ordinary-income rate. If you have loved ones in the 0% bracket, you may be able to take advantage of it by … Continue reading

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