taxable income

Court Awards and Out-of-Court Settlements May (or may not) Be Taxed

January 9th, 2024|Categories: Accountant, Burns Firm, Court Settlement Money, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Settlement Income, Tax, Tax Advisor, Taxable Income, The Burns Firm|Tags: Are My Settlement Awards Taxable, Court Awards and Out-of-Court Settlements May (or may not) Be Taxed, cpa near me, Dallas CPA, tax, tax advisor, taxable income, The Burns Firm, What Income Is Taxable|

Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination or harassment. [...]

Catch-up Retirement Plan Contributions Can Be Particularly Advantageous Post-TCJA

November 29th, 2018|Categories: Accounting, Burns Firm, Business, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: contributing to 401K, CPA, pretax contribution, reetirement plan, retirement plan contributions, SIMPLE, tax, Tax planning, taxable income, TCJA, The Burns Firm|

Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) [...]