October 11, 2013
October 15, 2013 will be the second tax day of the year. It is the deadline for those taxpayers who successfully filed for an extension before April 15.
Why can they file their taxes 6 months later? Is there some special service that...
October 10, 2013
It is in your best interest to take advantage of every tax credit and deduction available to you. With tax laws constantly changing and the short-term nature of most tax relief, timing is crucial when it comes to claiming tax breaks on your...
October 9, 2013
Now that the Federal government is deadlocked on the budget again, it's time to take a closer look at how we got here… again.
A number of free digital tools can help you understand exactly how many of those hard-earned dollars were spent...
October 3, 2013
For most parents, gift taxes are not even on the radar screen while their child is enrolled in high school. But college can change everything. Suddenly, you are paying costs of living, which can add up quickly. In order to remain compliant with...
September 24, 2013
Generally speaking, whenever you settle a debt for less than you owed, the difference counts as income – taxable income.
A short sale is a form of debt...
September 16, 2013
There are several different types of Federal individual income tax returns. You must use the...
August 14, 2013
Also known as "sin" taxes, excise taxes are instruments the government uses to skew consumer behavior away from damaging goods, and toward beneficial products. Alcohol, gas and tobacco products are some of the most heavily taxed goods out there....
August 7, 2013
A fairly recent record-keeping rule has been a surprise for many audited taxpayers.
The IRS has tightened up a number of taxpayer loopholes in the last decade,...
July 25, 2013
You do not want to use the IRS like a bank account. Believe me, the money withheld from your paycheck would be better spent elsewhere – loans, payments, or a pair of shoes – than it would sitting in the digital catacombs of the Internal Revenue...
July 23, 2013
If your organization meets certain requirements, you can avoid taxes without applying for tax-exemption.
The paperwork required for tax-exempt organizations is cost-prohibitive to many small, grassroots organizations, which is why the IRS...