October 10, 2014
Are you wondering if you need to file a tax return? While most people who earn an income must file a Federal income tax return, that is not true for everyone.
Depending on your...
October 7, 2014
Have you given or received a large gift? Do you know what the tax consequences are? You may be subject to the 40% Federal Gift Tax.
According to the IRS, a gift is "Any transfer to an individual, either directly or indirectly, where full...
August 25, 2014
If you pay for the cost of higher education for yourself, your spouse, or your dependent child, you may be eligible for a Federal tax credit that can save you money at tax time. This article covers some...
May 30, 2014
There are many different IRS tax forms that you may come across throughout your life. However, as an individual taxpayer, you probably only need to be concerned with the basics, such as Form W-2, Form W-4, and Form 1040.
February 24, 2014
This article is second in a series titled “Tax Benefits for Education.” Read the first article HERE: Tax Breaks for Tuition and Fees
The IRS offers a variety of education tax...