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As Your Tax Accountants, We Run the Maze for You It might be optimistic, in a recession to look at the maximum retirement plan elective deferral amounts for 2010. And they haven’t changed from 09. Employee 401(k) contributions are capped at $16,500, or $22,500 if the participant is > 50 years old. A CPA example of health care benefits in S Corporation. If you'd like a free initial consult, please consider calling us at (910) 399-2705. Relatively new IRS rules allow a single shareholder S Corporation to deduct that shareholder’s health insurance premiums as expense on IRS Form 1120S / NC CD401S. Again we’ll be looking at this . . . → Read More: Health Insurance Coverage in S Corps | Form 1120S and NC CD401S Retirment Planning Information from a Wilmington NC CPA. Like SEPs, Keoghs and 401(k)s, SIMPLE is another variant of an IRS approved retirement plan. The US government encourages employers to offer a retirement savings program to their employees through IRS administered tax incentives. The best type of retirement plan often depends on the exact circumstances of the . . . → Read More: CPA firm in Wilmington NC discusses IRS SIMPLE Retirement Plans CRTs and CLTs: Charitable Giving Combination Trusts With charitable giving becoming popular as part of estate and/or retirement planning, here is an overview of the most popular charitable/retirement (Estate) combination Trusts. I think most of us want to know our retirement is appropriately funded before supporting a charitable cause. This requires solid CPA calculations based on numerous assumptions, including local . . . → Read More: Charitable Remainder Trusts and Charitable Lead Trusts |
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Copyright by Gary Bode, CPA © 2011 Gary L. Bode, MSA, CPA, pc -Disclaimers- All Rights Reserved |
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