Business Advisory Services
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA.
Everything you need from tax return preparation for your small business to your rental to your corporation is here.
WCG’s primary objective is to help you to feel comfortable about engaging with us
By Jason Watson (Google+)
Yes and No. You can only deduct medical expenses that exceed 7.5% of your adjusted gross income. So, the logic follows that if you use your IRA to pay for medical expenses, you will pay a penalty on the 7.5% equivalent. Here’s an example. Let’s say you had an adjusted gross income of $100,000 and you also had $25,000 in medical expenses. The first 7.5% of your income of $100,000, or $7,500, would incur an early withdrawal penalty of 10% or $750. The remaining medical expenses ($25,000 minus $7,500, or $17,500) would NOT incur a 10% penalty. Make sense?
Everything you need to help you launch your new business entity from business entity selection to multiple-entity business structures.
Designed for rental property owners where WCG CPAs & Advisors supports you as your real estate CPA.
Everything you need from tax return preparation for your small business to your rental to your corporation is here.
WCG’s primary objective is to help you to feel comfortable about engaging with us