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As we approach the end of a bumpy 2022, it’s important for taxpayers to stay informed about the latest updates from the Internal Revenue Service (IRS) and how they can help position themselves f...
Doing business overseas can be very lucrative. But stashing the earnings in a foreign bank account can get you in a heap of trouble with Uncle Sam. Every year, business people sell products overseas. They may open an overseas plant or factory, travel...
Another year, another tax return to file. It’s a part of life that’s sure to happen every year. So while you’re filing the paperwork to get you your hard-earned money back, following a few simple, easy steps can expedite your tax re...
Some changes are in store for those about to file their 2013 tax returns. The wealthy, as well as some married same-sex couples, will feel a dose of change as they prepare their returns. Even taxpayers looking to deduct some healthcare expenses will ...
Every New Year brings an opportunity for people to make a resolution to change the way they live, eat, or work. If you’re looking for better financial footing, now’s the time. But the New Year also brings us the chance to better prepare f...
When the clock strikes midnight on January 1, 2014, another year begins and some tax breaks end. New Year’s Day is typically the end point for temporary tax breaks, and some 2013 tax breaks are no exception. These tax breaks range from deductio...
After a bungled website and a wave of cancelled insurance plans, Obamacare has been one of – if not the – biggest news topics of Fall 2013. The Affordable Care Act created a variety of new taxes: taxes on capital gains, dividends, medical devices...
After tornadoes touched down in Illinois in November 2013, it’s clear that no one is immune from disasters. Hurricanes, earthquakes, tornadoes: they can happen in all corners of the United States. Disaster victims live everywhere. When disaster...
As fall approaches, the time comes to make use of advantages offered by the tax code. With the new year just around the corner, the current tax year is about to come to an end. Make sure to get the best tax situation this spring by making these tax m...
Everybody wants to save some money. And one time when everyone either has to pay – or get paid by – the federal government is tax time. A tax bill can be a big inconvenience, but with these tax-saving tips, you can start lowering your tax bill an...
For some taxpayers, an Offer in Compromise (OIC) can be a strategic and smart option for settling back tax debt with the IRS. But it’s not as easy as it sounds. There are a few factors that make it just a bit more complicated than making any si...