News & Tips - Augustedge, PLLC

Year End Tax Planning Issues

Article Highlights: Benefits Sunsetting After 2021 Benefits Sunsetting After 2022 Not Needing to File May Be an Opportunity Maximize Education Tax Credits Employer Health Flexible Spending Accounts Maximize Health Savings Account Contributions Roth IRA Conversions Avoid Required Minimum Distribution (RMD) Penalties Recognizing Capital Losses Take Advantage of the Zero Capital Gains Tax Rate Make Business Purchases Prepay State Income and 2023 Property Taxes Charitable Deductions [...]

By Augustedge Staff|2022-12-02T18:47:27+00:00December 1, 2022|Taxes|Comments Off

What Is an Offer in Compromise?

Carrying long-term debt is a challenge, but when the money is owed to the government and you see no way to pay what you owe, it can bepsychologicallyand emotionally debilitating. Some people think they can turn to bankruptcy, but that is not the case – bankruptcy specifically will not discharge tax debts. One of the few options available for settling tax debt is an [...]

By Augustedge Staff|2022-11-03T21:15:07+00:00November 9, 2022|Taxes|Comments Off

Will a Small Business Grant Help Your Organization? Breaking Things Down

According to one recent study, there are currently more than 32 million small businesses operating in the United States. For the sake of discussion, know that this term refers to those organizations with fewer than 500 employees. To put that number into perspective, those small businesses create more than 1.5 million new jobs every year according to the same research from above. That breaks [...]

By Augustedge Staff|2022-11-03T21:14:45+00:00November 8, 2022|Business|Comments Off

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