April 1, 2016

 

 

April 1 - Last Day to Withdraw Required Minimum Distribution

Last day to withdraw 2015’s required minimum distribution from Traditional or SEP IRAs for taxpayers who turned 70½ in 2015. Failing to make a timely withdrawal may result in a penalty equal to 50% of the...

April 1, 2016

Article Highlights:

  • Pay-as-you-go tax system

  • Tax law changes affecting estimates

  • Underpayment penalties

  • Safe harbor estimates

The government wants its tax revenue up front and has a “pay-as-you-go” system, and if your pre-paid amount is not enough,...

April 1, 2016

The issue relates to depreciation, which is defined as a reduction in the value of an asset with the passage of time, due in particular to wear and tear of the asset over time. 

 

What most business owners don’t know is that, subject to IRS code, any depreciable asset –...

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McNair and Associates, P.A. CPA's
1250 S. U.S. Highway 17-92, # 250
Longwood, Florida 32750

 

Telephone: (407) 830-5717
Facsimile: (407) 830-1601

 

 

Providing Professional Tax

and Accounting Services For Over 30 Years

Members Florida Institute of Certified Public Accountants

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