Timely Opportunities

In a significant decision, the Supreme Court recently limited the tax deductions that can be claimed by trusts and estates. The ruling, which went against the family that created Pepperidge Farm, affects the amount that trusts and estates can write off for the investment advice they receive. Here are the details.

Under some circumstances, you can borrow from your retirement account, depending on the type of plan you have. But should you? Only if you are aware of the tax consequences and the implications a loan can have on the future of your retirement funds. This article answers some frequently asked questions about how much you can borrow, whether the interest is deductible and other issues to consider before signing loan documents.
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  Business Tax

You depreciate income producing property through annual tax deductions to recover your company's cost. But you may be able to separate some components of large assets and get faster write-offs. Here's an example of a company that got approval from the IRS to write off part of an asset in only five years, even though the rest had to be depreciated over 15 years.

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  Personal Tax

When are investors not disappointed after the value of their portfolios goes down? When they're thinking about converting their regular IRAs to Roth IRAs. When stocks are down, along with the value of your IRA, it's a good time to think about future tax savings. Here are the guidelines.
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