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While it may be impossible to predict whether, or to what extent, your estate will be subject to taxation at the time of your death, creating and maintaining an estate plan provides essential legal and financial protection for your heirs.

Consider giving yourself an immediate raise by adjusting your tax withholding to increase your take-home pay.

Out of many good reasons to get married, true love and compatibility being among the best, are the tax blessings of the Internal Revenue Service. No one would suggest that you tie the knot for that reason but the tax code does provide a few wedding gifts to those who say “I do.”

If you receive an audit notice from the IRS, hiring a tax professional to represent you is probably the best strategy. However, should you choose to handle an audit yourself, the Taxpayer Bill of Rights allows you to tape record your meetings with an auditor and to adjourn a meeting with an auditor at any time to either consult with your tax advisor or to request professional representation.

Should baseball teams pay tax on the bobbleheads they give away?

By coordinating your tax strategies with your life changes and financial strategies, you may accomplish a variety of goals, such as buying a home, funding a child’s education, and funding your retirement.

An owner planning for withdrawal from his or her business (such as retirement) faces a variety of challenges that can have an impact on both the business and the owner’s estate.

Whether you are Bill Gates, Warren Buffet, or just an ordinary Joe, the gifting principles, tax benefits, and philanthropic rewards of charitable giving can be relatively the same, regardless of how large, or how small, your gifting program.

Payroll taxation is just one of the many tax issues facing business owners. This article is meant to serve as a general overview. A qualified tax professional can help you ensure your business is on proper payroll tax footing.

While an obvious advantage to a 401(k) and other qualified plans is the ability to take a deduction today and postpone paying taxes until tomorrow, it is clearly not the only advantage. Even more important is the ability to invest employee retirement funds on a tax-deferred basis. As a result, whether tax rates remain the same or increase, a 401(k) plan remains a valuable tax planning tool for small business owners.