TOPICS IN THIS ISSUE: Stretch Your Retirement Savings With Multi-Year Planning IRS Audit Period is 3 Years, 6 Years Or Forever: How To Cut Your Risk Be Like A Bank. Test Yourself To See How Your Finances Would Hold Up
Read more →Couples
The goal of tax-loss harvesting to lower your overall taxes. With proactive tax planning, you may be able to lower your taxable income by selling off losing investments. Similarly, you can offset some long term gains by selling investments that may have lost money over the long term.
Read more →Middle-class families spend nearly $13,000 per child every year. Learn how to budget strategically.
Read more →To help reduce your tax burden once you retire, and free up more money for expenses and fun, give income planning a try. Here are four ways to adjust your income and get a better grip on your tax bill.
Read more →The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some practitioners, like me, fear that it could lead to abuse.
Read more →It is only natural to worry about an IRS audit, and the duration of audit periods can be downright frightening. Tax lawyers and accountants are used to monitoring the duration of their clients’ audit exposure, and so should you.
Read more →TOPICS IN THIS ISSUE: Benefits Of Starting Your Tax Planning Early In the Year What To Do If You’re Audited By the IRS 13 Advantages Of Keeping Personal And Business Bank Accounts Separate Ins And Outs of Settling With the
Read more →It isn’t easy to settle your tax debts for less than you owe, but it is possible. Here is what taxpayers need to know Here is an idea that probably sounds like a guaranteed waste of time: Ask the Internal
Read more →“Gasp!” That might be your first reaction to seeing an envelope with an eagle on the upper left corner and the dreaded words next to it: Internal Revenue Service. But fear is not an emotion that should flow through your body. Why not? Well, if you’ve accurately recorded what properly belongs on your tax return, you have nothing to fear from the IRS if they contact you about an audit.
Read more →TOPICS IN THIS ISSUE: 12 Small Business Tips From Podcasts Used By the Pros Top Ten Money Mistakes People With Modest Incomes Make Should Financial Success Be Your Ultimate Goal? Tax Witholding Estimator The IRS Will Waive This 2018 Penalty
Read more →TOPICS IN THIS ISSUE: 3 Costly Tax Mistakes to Avoid 6 Summertime Uses For This Tax-Favored Savings Account Understanding How Taxpayers May Appeal to the IRS Office of Appeals This Crazy Map Shows You How Complicated The Tax Code Has
Read more →Before you head to the beach, use this tax-advantaged account to stock up on summer necessities.
Read more →Taxes can be boring and complicated, but they’re also a part of life. Anyone who works has to pay them, and if you’re not careful, you could wind up with a major problem on your hands. Here, in fact, are three major tax mistakes that could really come back to bite you.
Read more →TOPICS IN THIS ISSUE: Optimizing Residential Real Estate Deductions Tax Court Approves IRS Denial of Installment Plan Request The Marriage Tax Penalty, Post-TCJA 3 Great New Tax Videos! IRS TAX TIP: Here’s What Taxpayers Should Know Before Visiting an IRS
Read more →The law known as the Tax Cuts and Jobs Act (TCJA) addressed the individual tax rate bracket structure’s previous contribution to a marriage tax penalty by equalizing married filing jointly tax amounts with those of two single individuals combined (each with half the amount of taxable income of the joint filers), up to the bottom threshold of the highest tax bracket.
Read more →