Protecting Americans From Tax Hikes Act of 2015 (PATH) This bill was signed by President Obama on December 18, 2015, and made permanent various tax provisions. A sample of items made permanent by this act: The American Opportunity Tax Credit (education expenses) The $250 “above-the-line” deduction for teachers for expenses paid for books, supplies and […]
Archives for December 2015
Happy Holidays From Geenen & Kolean!
Year-End Tax Planning Strategies For Businesses
Whether it is your first or tenth year running a business, now is a good time to begin thinking about your 2015 tax return. Familiarizing yourself with some basic year-end tax planning strategies will build confidence with 2016 nearing. One common tax planning strategy used by individual and business taxpayers alike is an Installment Sale. […]