How do I make sure my tax return is received by the IRS?
The tax court has ruled that a tax return is not considered timely filed if it is lost by the U.S. Postal Service and it… Read More »How do I make sure my tax return is received by the IRS?
The tax court has ruled that a tax return is not considered timely filed if it is lost by the U.S. Postal Service and it… Read More »How do I make sure my tax return is received by the IRS?
What papers will I need? Here is a list of the papers that you will probably need: Certified copies of the death certificate (at least… Read More »Questions that arise when a loved one departs
One of Shakespeare’s oft-quoted lines — “Neither a borrower nor a lender be” — is sage advice, especially for many cash-strapped Americans. But perhaps you… Read More »Should you pay off credit cards with a home equity loan?
You only have to examine your paycheck to realize certain income is tax-free. For example, health insurance premiums paid by your employer are generally not… Read More »When is income taxable, and when is it not?
Open your wallet and compare your debit and credit cards. Both probably sport a logo, an embossed account number, an expiration date and, of course,… Read More »Check out the pros and cons of debit cards
Although gas prices have declined in recent months, inflation isn’t dead. In fact, history suggests that over time gas prices will continue their inexorable march… Read More »Tips for saving money on gas
Are you considering post-retirement employment? If you’re collecting social security and thinking of returning to the work force, you may have questions about the effect… Read More »When are social security benefits taxed?
Qualified Plug-in Electric Drive Motor Vehicles (IRC 30D) Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger… Read More »Plug-In Electric Vehicle Credit (IRC 30 and IRC 30D)
Taxpayers who decide they need assistance when preparing a tax return should choose a tax preparer with care and caution. Even if a return was… Read More »How to Choose a Tax Return Preparer and Avoid Preparer Fraud
Alternative Minimum Tax (AMT) There are several changes affecting Alternative Minimum Tax for 2009. Child-Related Tax Changes Information on adoption benefits, child’s investment income, the… Read More »Tax Changes for Individuals
For the first time ever, taxpayers can convert a traditional IRA to a Roth, regardless of their annual income. Previously, conversions weren’t allowed for taxpayers… Read More »Benefit from Roth "ordering rules"
The buzz about Roth IRA conversions is getting louder. And why not: For the first time ever, higher-income taxpayers can convert their traditional IRAs into… Read More »Roth IRA conversion in 2010