Taxes Articles

  1. How A Company Files With The SEC

    Filing with the SEC is not as complicated as you might thing -- just be meticulous about following the steps.
  2. Don't Forget To Take Minimum Distributions

    Take the right required minimum distributions from IRAs, 401(k)s and the like, starting the year you reach age 70 ½. There's a huge 50% penalty for being wrong.
  3. Why Gasoline Costs What It Does

    The next time you have to dig deep into your wallet to fill your gas tank at least you'll know exactly what you're paying for.
  4. Five Tax Strategies For A Bonus Or Windfall

    That bonus for a job well done or inheritance from Great Uncle Alfred can often result in your paying a bigger chunk of money to the Internal Revenue Service.
  5. 7 Mid-year Tax Moves

    If you wait until year-end to check on your tax status, you’ll be right in the middle of holiday season. And summer is your tax advisor’s slow time, too.
  6. Eight Financial Safeguards If Disaster Strikes

    In an emergency like a fire, hurricane, flood, tornado or earthquake, you may not be able to protect your home. But you can take steps to avoid financial disaster.
  7. How To Sell Your Company At A Premium

    When businesses are looking to make acquisitions, it's a good time to sell your company. But don't rush to take advantage of a positive economic climate – like retirement, getting the best price takes time and planning.
  8. Must-Do Financial Moves For Same-Sex Marriages

    Same-sex couples should create the safeguards all married people need, plus a few more. The good news: You may be owed a tax refund.
  9. How Women In Transition Should Mind Their Finances

    With roughly 80% of women dying single due to divorce or outliving their spouses, they must become more involved in their financial planning – and advisors must to do more to help.
  10. Tax Breaks for Volunteering

    In addition to helping society, volunteering can yield tax deductions – sometimes. Here's how to tell what will pass muster and what won't.
  11. Garage Sale vs. Donation

    Which offers you the bigger payoff?
  12. Mortgage Amortization Strategies

    Should you get a 30-year mortgage? A 15-year one? Ways to decide which mortgage is the best fit.
  13. When a 401(k) Hardship Withdrawal Makes Sense

    If you've exhausted all other avenues, there are ways to withdraw funds before age 59½ – sometimes without the 10% penalty that's usually due.
  14. Do U.S. High Corporate Tax Rates Hurt Americans?

    The United States has the highest corporate tax rate of the 34 developed, free-market nations that make up the Organization for Economic Cooperation and Development (OECD).
  15. Top 2014 Muni Bond ETFs

    April 15 came and went, but the memory of how much of your pay the IRS helped itself to should remain clear. As should the realization that you probably should have done more to limit your tax burden.
  16. Tax Dodging Companies Cost You More Than $1,200 Each Year

    Every year that multinational corporations and wealthy individuals lower their U.S. tax bills by stashing profits in off-shore tax havens, you pay more to cover their tab. The same is true for small businesses. How much more? U.S.PIRG, the U.S Public Interest Research Group, just released this report that says tax haven abuse cost states and the federal government $184 billion last year.
  17. I Didn’t File Taxes, Now What?

    April 15 has come and gone, but if you didn’t file your tax bill, all is not lost, even if you think you will owe taxes. Take a deep breath and learn what you can do next to avoid serious consequences if you didn’t file your taxes by the April 15 deadline. Get help if possible First, no advice here is a good substitute for talking to a qualified tax professional about your situation.
  18. The Pros And Cons Of The Mortgage Interest Deduction

    Perhaps the most highly-debated “benefit” to owning a home is the mortgage interest deduction.
  19. Avoid Taxes on IRA Rollovers

    For years, IRA owners have been allowed to roll over their money from one IRA to another once a year without penalty, for each IRA account they had. A tax court ruling in January 2014 has brought that to an end. Starting in 2015, taxpayers will be limited to a single rollover per year no matter how many IRAs or retirement annuities they own.
  20. Five Tax Myths That Can Cost You Cash

    Relying on the wrong ideas about how to file your taxes could cost you plenty.
  21. Overseas Cash Hoards: Shareholder Boon Or Taxpayer Burden?

    American corporations are holding something in the neighborhood of $1.5 trillion in cash in the coffers of their offshore entities, usually to avoid tax liability. Needless to say, not everyone agrees that this should be permitted.
  22. Why The IRS Blocked Refund Anticipation Loans

    Refund Anticipation Loans provided tax preparers with a substantial stream of income for several decades. But high fees and widespread fraud convinced several banks to exit this industry, and the IRS finally outlawed the loans.
  23. The Gloomy Future Of The Tax Preparation Industry

    It's often said all that is certain are death and taxes. By extension, undertakers and tax preparers should enjoy similar levels of ironclad job security. But recent changes to the marketplace have caused the latter profession some uncertainty.
  24. Could The Fair Tax Movement Ever Replace The IRS?

    Although many taxpayers would love to see the IRS abolished, only a handful of thinkers have come up with any sort of viable replacement plan. The Fair Tax is one such idea that has continued to slowly gain grassroots support.
  25. Six Ways Your Tax Preparer Knows You're Lying

    An experienced tax preparer can usually sense when a customer is providing fraudulent information to them. Find out what sets off a tax preparer's lie detector.
  26. Retirement Tax Changes For 2014

    To save efficiently for retirement, it pays to keep abreast of tax law changes. Limits on contributions for some plans have changed while those already receiving social security will see a pay boost.
  27. Obama Budget Released: Who Are The Winners And Losers?

    Tuesday President Barack Obama unveiled a $3.9 trillion budget for fiscal year 2015 that includes new programs for education and rebuilding infrastructure while it also seeks to balance income inequality.
  28. How Powerful Is The IRS?

    The IRS has considerable power to enforce tax collection and reporting. But does it have too much power?
  29. Need To Enroll In Obamacare? File Your Taxes

    Taxpayers who need to obtain health coverage under the Affordable Care Act can now do so easily and conveniently when they file their taxes through an eligible preparer.
  30. Obama’s Retirement Cap Could Hit Middle Class

    President Obama plans to place new limits on how much Americans can contribute to tax-deferred retirement plans. Retirees could get no more than $205,000 a year from such plans, estimates say.
  31. What Is A Retirement Saver's Tax Credit?

    Here, we take an in-depth look a tax credit designed to provide relief to some people who are saving for retirement.
  32. What To Do When You Can’t Pay Your Taxes

    Falling behind on your tax obligations is the financial equivalent of a root canal. Take the pain away by following these tips, and get square with Uncle Sam.
  33. Tax Deduction Guide: Contractors Vs. Employees

    The following are deductions independent contractors can write off, employees can write off, and a few that overlap.
  34. Obama's Minimum Wage and EITC Proposals - What Taxpayers Should Know

    Investopedia explains: In his State of the Union address, President Obama outlined two proposals - a minimum wage increase and an Earned Income Tax Credit (EITC) expansion - that could boost workers' wages and stimulate the economy.
  35. How To File A Tax Extension

    Learn the process you need to follow to grant yourself an extra six months on the deadline for filing your tax return.
  36. Why Do So Many People Fall Behind On Their Taxes?

    Despite the threat of owing thousands of dollars to possibly the most feared organization in the U.S., millions of Americans continue to fall behind on their taxes.
  37. Key Steps In Choosing The Best Tax Preparation Software

    U.S. taxpayers left over $1 billion on the table in missed tax deductions in 2013. Would using tax software prevent you from contributing to this unclaimed cash?
  38. Eight Ways To Use Your Tax Refund Wisely

    Here are some ways to get the most out of your tax refund check.
  39. New Taxes Under The Affordable Care Act

    Find out what you need to know about the 21 new tax changes linked to the ACA.
  40. How To Negotiate Back Taxes With The IRS

    Recently, the IRS has been more amenable to working out late tax payments. But you have to address the problem up front, and don’t keep Uncle Sam waiting on his tax money.
  41. How To File Your Child's First Income Tax Return

    Use this quick parental guide to help your child learn the tax filing process and establish good habits.
  42. How To Get The Most Money Back On Your Tax Return

    These tips will help you get a larger refund this year, while teaching you how to pay less taxes going forward.
  43. Tax Issues For Same-Sex Spouses

    The tax rules for same-sex spouses are largely the same as for traditional filers, but there are a few special considerations that apply.
  44. Tax Breaks For Second-Home Owners

    Owning a second home is a great investment for a variety of reasons, but you need to know the tax implications of multi-home ownership.
  45. How Restricted Stock And RSUs Are Taxed

    This form of executive compensation limits how these stocks can be sold. Find out more here.
  46. Tax Software Vs. An Accountant: Which Is Right For You?

    We look at the pros and cons of using tax software versus an accountant when filing your tax return.
  47. Tax-Loss Harvesting: Reduce Investment Losses

    The option to bolster after-tax stock returns through tax-loss harvesting can reverse investor gloom.
  48. Understanding Taxation Of Foreign Investments

    Technically, any gains from foreign investments owned by an American citizen are subject to tax by the company's home country as well as the IRS. However, the Foreign Tax Credit enables you to deduct most of the tax you've paid abroad when filing your U.S.
  49. Tax-Smart Ways To Help Your Kids/Grandkids Pay For College

    Learn about plans and accounts that allow you to efficiently save for your child or grandchild’s education while shielding the savings from the IRS as much as possible.
  50. 10 Steps To Tax Preparation

    Follow these simple steps to get you ready for the income tax deadline of April 15.
  51. Oil: A Big Investment With Big Tax Breaks

    Oil and gas investments can provide unmatched deduction potential for accredited investors.
  52. A Beginner's Guide To Tax-Efficient Investing

    Find out how to manage your portfolio to minimize your tax burden.
  53. The Christmas Saints Of Wall Street

    Learn how some of world's richest people spread holiday cheer year-round.
  54. Major Tax Credits Expiring In 2013

    Here are the major changes and tips that you need to know before filing your taxes for 2013.
  55. Last-Minute Tax Tips For 2013

    A combination of new taxes and expiring tax reductions and new surtaxes are conspiring to make your 2013 taxes – and your 2014 tax planning – a bit more interesting than usual.
  56. What To Know About New 2014 Tax Brackets

    Income tax brackets have been updated for the 2014 tax year (those taxes due on April 25, 2015), and for a change, a little bit of inflation may be a good thing for some filers.
  57. How Obamacare Is Raising Your Taxes

    There are literally dozens of new, amended or broadened tax provisions under the Obamacare legislation. Find out how your taxes will be affected in the years to come.
  58. Tax Tips For The Last Quarter Of 2013

    Tax time may not be right around the corner, but the last quarter of the year is here, so it’s time to get in gear to maximize the potential for tax deductions as the year draws to a close.
  59. A Day In The Life Of An Auditor

    If you like the idea of examining and attesting to a company's financial performance for a living, a career in auditing might be right for you.
  60. 5 Money Moves To Make In September

    From a financial perspective, September is a great time for a quick reboot of your financial mind-set.
  61. To Rent Or Buy? The Financial Issues

    Thinking of buying a home? We look at the initial and ongoing costs, as well as the so-called benefits.
  62. Tax Holidays For Back-To-School Shopping 2013

    Find out the types of back-to-school purchases that are exempt from sales tax for each state that is holding a tax holiday.
  63. Tax Forms Every Investor Must Understand

    Recent legislation has added a few new items to the list of tax forms that taxpayers must use to report their investment income. Know which forms you will need to file your taxes this year.
  64. Investment Tax Basics For All Investors

    Nothing can be said to be certain, except death and taxes even in your investments.
  65. The Pros And Cons Of Pension Maximization

    Pension maximization can be an effective solution to the single versus joint life payout dilemma that many retirees face. But, there are several factors, such as tax and investment matters, that will decide if this strategy is right for you.
  66. New Tax Rules Target The Top Tax Bracket

    The American Taxpayer Relief Act brings about new tax rules for the wealthy that people such as Warren Buffett have been calling for over the last few years.
  67. The Financial Fallout Of The DOMA Repeal For Same-Sex Couples

    The recent Supreme Court decision to repeal the Defense of Marriage Act has paved the way for same-sex couples to enjoy the same federal benefits as opposite-sex couples.
  68. Capital Losses and Tax

    Capital losses are never fun to incur, but they can reduce your taxable income. Knowing the rules for capital losses can help you maximize your deductions and make better choices about when to buy and sell securities or other investments.
  69. Investing In Stock Rights And Warrants

    Many companies choose to issue rights or warrants as an alternative means of generating capital to avoid dilution of existing share value.
  70. 3 Financial Tasks We Think Are Harder Than They Really Are

    Use these three tips to help put your financial situation into perspective. It turns out, organizing your finances isn't nearly as hard as you thought.
  71. All About Zero Coupon Bonds

    Zero-coupon bonds are bonds that do not make any interest payments (which investment professionals often refer to as the "coupon") until maturity. For investors, this means that if you make an investment today in a zero-coupon bond that matures in 20 years, you won't put a single penny worth of income in your pocket for two decades.
  72. Is It Foolish To Strive For The American Dream?

    Even Jay Gatsby's stubborn optimism in The Great Gatsby would be hard pressed to believe that rags-to-riches stories are possible in today's economy. Find out why the ever-increasing wealth gap is eroding the original American Dream and how we need to redefine our expectations for prosperity.
  73. Investing In Property Tax Liens

    Property tax liens can be a viable investment alternative for experienced investors that are familiar with the real estate market.
  74. Know Your Cost Basis For Bonds

    Nobody likes taxes, but tax reporting is an inevitable and unavoidable part of investing. If you buy stock, determining your costs basis is a slightly frustrating but fairly straightforward exercise. Your cost basis is the price you paid per share, including sales commissions, adjusted for corporate actions such as stock splits, mergers, and dividend payments.
  75. What Determines Your Cost Basis?

    In any transaction between a buyer and seller, the initial price paid in an exchange for a product or service will qualify as the cost basis. When it comes to securities and related financial assets, determining the initial cost basis when there is only one initial purchase is very straightforward.
  76. Canadians: Smart Ways To Use Your Tax Refund

    Taxes are an annoying annual chore akin to going to the dentist. Luckily, however, some of us get a nice tax refund after the process. It's important to use this refund wisely though, and Canadians have a number of wise options to consider.
  77. The Smith Maneuver: A Canadian Mortgage Tax-Deductible Plan

    Canadian mortgages aren’t tax-deductible like the U.S.-based mortgages, but there's a way around this hurdle.
  78. Know Your Stock Cost Basis

    Understanding equity cost basis is critical for tracking the gains or losses of an investment.
  79. Has Income Tax Become A Class Tax On The Poor?

    With more than 33% of American families falling close to the poverty line despite their adult members holding full-time employment, a rising number of citizens are being forced to pay a rate of tax that is disproportionate to their earnings and in comparison with the country's wealthiest earners.
  80. Possible Effects Of The Online Retail Tax

    The U.S. Senate has passed a bill that will impose a sales tax on online retailers. Discover how the Marketplace Fairness Act could affect your bottom line.
  81. How To Get The Most Out Of Hiring An Accountant

    When you hire an accountant, getting good tax advice going forward is as valuable as – or perhaps even more valuable than - getting the previous year’s taxes filed correctly. Learn what you need to do to make this happen.
  82. How The 2014 Obama Budget Could Affect Your Finances

    Depending on which estimate you believe, Obama's proposed budget would raise the tax bill of a household with a yearly income of $50,000 to $75,000 between $63 and $100 per year. However, that’s not all you should know.
  83. 6 Financial Benefits Of Spring Cleaning

    This year, combine your spring cleaning strategies with your big-picture financial objectives.
  84. Inaccurate Tax Return, Now What?

    If the IRS finds errors, it will cost you. Find out how to fix them, and how to prevent them in the first place.
  85. Tips To Make Next Year’s Taxes Less Stressful

    You might be ready to put the stress of tax preparation behind you until next season, but ignoring your personal tax situation for 11 months of the year is what got you into this mess. Find out how some simple organization and planning techniques can make next year's tax preparation a low-stress task.
  86. How To Safeguard Your Tax Returns From Identity Theft

    Identity thieves love tax season. In 2012, there were 13 million victims of identity theft. As easy as it is for thieves to steal your information, there are also simple measures you can take to keep your personal information secure. Find out the proactive steps you can take to ensure thieves don't steal your tax refund by falsely filing your online return.
  87. 5 Smart Ways To Use Your Tax Return

    This year, find out how to stretch your tax refund further to strengthen your future.
  88. How To Deduct Your Job Search Expenses

    With approximately 12 million Americans out of a job right now, many people are spending significant dollars to be noticed by potential employers. Fortunately, some of these job-search costs are deductible at tax time. Learn the details of what job-hunt expenses qualify for deductions and how much you can deduct.
  89. Are IRS-Prepared Tax Returns The Solution To Our Tax Woes?

    The government is considering letting the IRS do your taxes for you. While this may sound great, there are plenty of reasons why you may not want to trust the IRS to calculate your tax return. And while you could stand to lose out on a few bucks, companies like Turbo Tax are and H&R Block are fighting hard to save their tax-preparation empires.
  90. How To Report A Tax Cheat

    If you report a tax evader to the IRS, you could be eligible for a reward.
  91. Government Could Limit Chartiable Tax Deductions

    The desperate search for revenue by the U.S. government means one of the key deductions that may be up for either reduction or elimination is for charitable giving.
  92. There Are New REITs On The Horizon

    For investors, the surge in new REIT activity is providing some pretty interesting dividend opportunities.
  93. 8 Little-Known Tax Deductions And Credits

    These little-known tax deductions can lead you to finding your own unique expenses that you didn't know you could claim.
  94. Approved: Paying Online Sales Tax

    States will now be allowed to collect sales taxes on purchases made from Internet-based retailers even if the retailer has no physical presence in that state.
  95. 6 Tax Deductions That Might Get You Audited

    Incorrect or liberal interpretations of what you can write off will often lead to the IRS taking closer interest in your filings. Knowing the rules behind these six tax deductions will go a long ways to saving you from an audit.
  96. Taxable Rewards To Be Aware Of

    Find which benefits from reward programs count as income in the eyes of the IRS.
  97. Common Tax Mistakes To Avoid

    Find out what mistakes people often make on their returns, and how to avoid them on yours.
  98. 5 ETFs Flaws You Shouldn't Overlook

    Despite their popularity, exchange traded funds have some drawbacks that investors should know about.
  99. Should Married Taxpayers File Together?

    The earned income credit is one tax incentive married couples filing a joint tax return can take advantage of. Is it a good idea?
  100. What Does Filing As Head Of Household Mean For Your Taxes?

    In order to file as head of household, you must meet several requirements. Find out whether being head of household comes with any tax benefits.
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