Bernstein Tax Group

7 Last-Minute Tax-Saving Tips & Are Catch-Up Contributions For You?

7 Last-Minute Tax-Saving Tips Where did the time go? The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2016 tax liability. Here are seven last-minute tax-saving tips to consider — you just must act by December 31: 1. Pay your 2016 property tax bill that’s due in early 2017. 2. Pay …

Bernstein Tax Group

Donating Appreciated Stock & Is the Sales Tax Deduction Right for You?

Donating Appreciated Stock Offers Tax Advantages When many people think about charitable giving, they picture writing a check or dropping off a cardboard box of nonperishable food items at a designated location. But giving to charity can take many different forms. One that you may not be aware of is a gift of appreciated stock. Yes, donating part of your …

Bernstein Tax Group

Take the Worry Out of Business Valuations & Have a Pension?

Take The Worry Out Of Business Valuations Appraisals can inspire anxiety for many business owners. And it’s understandable why. You’re obviously not short on things to do, and valuations cost time and money. Nonetheless, there are some legitimate reasons to obtain an appraisal regularly or, at the very least, to familiarize yourself with the process so you’re ready when the …

Bernstein Tax Group

AMT Awareness & The 529 Plan for Funding a College Education

AMT Awareness: Be Ready For Anything When it comes to tax planning, you’ve got to be ready for anything. For example, do you know whether you’re likely to be subject to the alternative minimum tax (AMT) when you file your 2016 return? If not, you need to find out now so that you can consider taking steps before year end …

Bernstein Tax Group

Home Office Deduction & Household Employees

Getting Comfortable With The Home Office Deduction One of the great things about setting up a home office is that you can make it as comfy as possible. Assuming you’ve done that, another good idea is getting comfortable with the home office deduction. To qualify for the deduction, you generally must maintain a specific area in your home that you …

Bernstein Tax Group

Organizing Your Financial Records & Summer Camp Costs

Organizing Your Financial Records For Best Results With tax time long over and midyear officially here, it’s a great time to organize your financial records. And the key word here is indeed “organize.” Throwing all your important documents into a drawer won’t help much when an emergency occurs and you (or a family member) need to find a certain piece …

Bernstein Tax Group

Family Wealth Management & Amending Your Tax Return

Juggling Family Wealth Management Is No Trick Preserving and managing family wealth requires addressing a number of major issues. These include saving for your children’s education and funding your own retirement. Juggling these competing demands is no trick. Rather, it requires a carefully devised and maintained family wealth management plan. Start with the basics First, a good estate plan can …

Bernstein Tax Group

Save Green with Sustainable Tax Breaks & The Tax Impact of Debt Relief

Go, Save Green with Sustainable Tax Breaks Many people want to do something, however small, to contribute to a healthier environment. There are many ways to do so and, for some of them, you can even save a few tax dollars for your efforts. Indeed, with the passage of the Protecting Americans from Tax Hikes Act of 2015 (the PATH …

Bernstein Tax Group

Walk the Path to Tax Savings for 2015 & Substantiating Donations

Walk the Path to Tax Savings for 2015 Like many taxpayers, you may have been expecting to encounter a few roadblocks while traversing your preferred tax-saving avenues. If so, tax extenders legislation signed into law this past December may make your journey a little easier. Let’s walk through a few highlights of the Protecting Americans from Tax Hikes Act of …