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July 27, 2015
The U.S. government expects you to pay income taxes to the IRS each year. Most Americans have taxes withheld from their wages, which helps to avoid owing the IRS a large sum at the end of the year....
July 23, 2015
Health Savings Accounts (HSAs) are designed to help individuals offset the health care costs associated with High Deductible Health Plans (HDHPs).
An HSA is defined as “a tax-exempt trust or custodial account you set up with a qualified...
July 22, 2015
If you owe more taxes than you can afford to pay right now, the IRS offers payment arrangement options. However, it is important to understand that regardless of your reason for paying taxes late, the IRS will charge interest and penalties for...
July 21, 2015
The Alternative Minimum Tax (AMT) is basically an income tax system that runs parallel to the regular income tax. For taxpayers with higher incomes, be...
July 20, 2015
A wedding is a joyous occasion – but with marriage comes a host of new tax considerations.
Whether you are soon-to-be-married or newly married, you should take the time to review your tax situation as a couple. There are a number of steps...