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.
September 9, 2013
Considering the rising cost of education, the earlier you start your college savings plan, the better. And 529 plans are one powerful tax incentive to aid families in their ability to finance their kids' advanced schooling. So let's get down to...
September 6, 2013
As we increasingly rely on E-filing tax returns, we increase the efficiency of IRS operations and our convenience. We also strip away some crucial layers of...
September 4, 2013
Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these pricey items are covered when you are self-employed, too.
While it is true that the government does not pay...
August 28, 2013
Part of the health care overhaul began in 2010 when a new excise tax was levied on indoor, ultraviolet tanning. The IRS now collects 10% of consumer tanning purchases. The...
August 28, 2013
August 20, 2013
The economy might be improving, but there are still a lot of people who are pasting together their financial obligations through temporary, part-time employment and work by contract. In the six months leading up to July, 2013,...