Taxes

  1. 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 ...
  2. 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 ...
  3. The Pros And Cons Of The Mortgage Interest Deduction

    Perhaps the most highly-debated “benefit” to owning a home is the mortgage interest deduction.
  4. 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 ...
  5. Five Tax Myths That Can Cost You Cash

    Relying on the wrong ideas about how to file your taxes could cost you plenty.
  6. 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.
  7. 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.
  8. 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.
  9. The Most Definitive Bitcoin IRS Tax Guide You Will See Anywhere: Part I - For Individual ...

    The is the most comprehensive analysis to date about the IRS tax guidance on virtual currencies like Bitcoin, announced in March 2014: What records to keep, what enforcement challenges you need to be aware of, and what you can write off.
  10. 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.
  11. 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.
  12. 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.
  13. 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.
  14. 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.
  15. How Powerful Is The IRS?

    The IRS has considerable power to enforce tax collection and reporting. But does it have too much power?
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. Tax Deduction Guide: Contractors Vs. Employees

    The following are deductions independent contractors can write off, employees can write off, and a few that overlap.
  21. 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.
  22. 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.
  23. 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.
  24. 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?
  25. Eight Ways To Use Your Tax Refund Wisely

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

    Find out what you need to know about the 21 new tax changes linked to the ACA.
  27. 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.
  28. 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.
  29. How Long Should I Keep My Tax Records?

    Having the right information available when the IRS calls can save you considerable time, money and stress. Learn how long you're obligated to keep your tax records.
  30. 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.
  31. 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.
  32. 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.
  33. How Restricted Stock And RSUs Are Taxed

    This form of executive compensation limits how these stocks can be sold. Find out more here.
  34. 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.
  35. Tax-Loss Harvesting: Reduce Investment Losses

    The option to bolster after-tax stock returns through tax-loss harvesting can reverse investor gloom.
  36. 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.
  37. 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.
  38. 10 Steps To Tax Preparation

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

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

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

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

    Here are the major changes and tips that you need to know before filing your taxes for 2013.
  43. 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.
  44. 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.
  45. 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.
  46. 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.
  47. 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.
  48. 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.
  49. Cost Basis Basics

    The term "cost basis" refers to the original value of a security you own. When you sell a stock, bond or mutual fund, you use the cost basis to determine your profit or loss, which in turn affects the amount of tax you owe. There are multiple methods for determining one's cost basis, one of which ...
  50. How do I list the beneficiaries of my life insurance policies if I have a trust? ...

    Because most states protect life insurance policies from creditors, most buyer questions come from the confusion created with ownership and beneficiary designations because of tax treatment. This is a rather complicated issue when it comes to life insurance proceeds, because there are two tax issues ...
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