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Your estate plan: Don’t forget about income tax planning
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal...
ConnollySteele
Jun 15, 20223 min read


Is your corporation eligible for the dividends-received deduction?
There’s a valuable tax deduction available to a C corporation when it receives dividends. The “dividends-received deduction” is designed...
ConnollySteele
Jun 13, 20223 min read


Help when needed: Apply the research credit against payroll taxes
Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits,...
ConnollySteele
Jun 6, 20222 min read


Is it a good time for a Roth conversion?
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA,...
ConnollySteele
May 31, 20222 min read


Calculating corporate estimated tax
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for...
ConnollySteele
May 31, 20222 min read


ConnollySteele
May 25, 20220 min read


The ins and outs of Series EE savings bond taxation
Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on...
ConnollySteele
May 25, 20222 min read
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