With the holiday season just around the corner, it’s a perfect time to get your financial records in order. Tax moves you make now can mean finding more “green” to spend on family gifts and festivities. Here are five quick tips for you to feel more prepared
Read more →Those dreaded words often lead to lost sleep and simple mistakes that could cost you money. Here are some tips to help you through the IRS audit process. Less than 2% of over 145 million individual tax returns filed during 2012 will be selected for audit. The
Read more →Wed 2 Deposit payroll tax for payments on Sep 25-27 if the semiweekly rule applies. Fri 4 Deposit payroll tax for payments on Sep 28-Oct 1 if the semiweekly deposit rule applies. Wed 9 Deposit payroll tax for payments on Oct 2-4 if the semiweekly deposit rule
Read more →Effectively using your investment losses can make a big impact in your taxable income. Why? These losses could offset income that is barely taxed, or it could offset income taxed at 39.6% or higher! Here are some ideas to make those losers into winners on your tax
Read more →Take a proactive approach to reduce your 2013 tax burden With the passage of massive 2013 tax law changes, you may be feeling a bit uncertain about how your ultimate 2013 tax liability will be affected. To avoid surprises at tax time, now is the time to
Read more →In 2013 federal tax legislation reintroduces the phase-out of itemized deductions for certain taxpayers. Because of this, many who are subject to itemized deduction phase-outs wonder if the benefit of charitable giving is reduced. Here is what you need to know. Most taxpayers are not impacted. The phase-out
Read more →Most everyone enjoys dreaming of winning it big in the lottery. News media outlets publicize the large unclaimed pots of money on the evening news and they put a spotlight on the lucky multi-million dollar winners. Ever wonder what the tax math looks like? The bottom
Read more →Miss the April 15th deadline? The IRS has tips on what you next steps: IRS Tax Tip 2013-56, April 16, 2013 The IRS has some advice for taxpayers who missed the tax filing deadline. File as soon as possible. If you owe federal income tax, you should file
Read more →Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years. You’ve got it all planned out. Your retirement savings plans are full, you have started receiving Social Security benefits, and your Pension is ready to go.
Read more →Remember you have until you file your tax return to make a contribution to a Traditional IRA or Roth IRA for the 2012 tax year. The annual contribution limit is $5,000 or $6,000 (if you are age 50 or over). Prior to making the contribution, if you
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