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 19, 2013
In 2001, most people filed their taxes with a pen and a stamp. Today, that's the rarity. Since the millennium, the rate of e-filing IRS forms has grown from about 30 percent of filers to about 80 percent.
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...
July 17, 2013
You may have noticed a bigger bite out of your paycheck since January, 2013.
The monster responsible is payroll taxes. That is because politicians allowed the ...