Finding Real Life Solutions To Your Tax Problem
With many stocks meandering near the end of the year, some stocks in your portfolio may be as useful as your depleted fantasy football team. However, while these underperforming stocks may cause you some heartache, they could actually be a ray of sunshine when tax...
In our prior post, we highlighted the basics in how total gross income is calculated within the process of arriving at one’s taxable income. Essentially, gross income is calculated by including all of the income that you collect during the calendar year,...
Next year’s federal income tax filing deadline of April 18, 2016 seems like a long way off in the midst of the holiday season. However, knowing whether you will be eligible for a tax refund, or will be owing money is an important question to be resolved in the...
Who knows when exactly tax season starts. For accountants, it is likely the last week of January; because that is when people who anticipate a refund want to get their returns in so that they can collect on their windfall. However, with the holiday season in full...
While many of the commercials you see on television are about the holiday season, it is important not to forget that the New Year is just around the corner. With 2016 coming, there are a number of changes that will take effect involving the U.S. Tax Code. Many of them...
With the Thanksgiving Day holiday passing, the focus for many consumers is on the holiday season. Indeed, few people are talking about taxes at this time of year, but people who are facing (or dealing with) tax liens are definitely thinking about how Uncle Sam will...
An IRA is a good way to save money for retirement. For many people, it is their most significant investment outside of their home. But sometimes, life happens and you may need to tap your resources to deal with financial difficulties. While the rules governing IRAs...
Of all the reality shows on television, it is no coincidence that there is no reality show depicting the trials of tax attorneys. This is likely because there is hardly anything glamorous about litigating tax issues or guiding clients through tax disputes. This would...
Imagine you want to sell your house. It is ten years old, meaning that you bought it near the height of the market and before the epic crash of 2007. You loved living there and the memories are still solid, but now it is an albatross that prevents you from getting...
Every taxpayer may not want to completely avoid taxes, because doing so may come with strings attached. However, lowering them to a point where they are reasonable, predictable and easy to pay. This is especially true with the sale of property. Whether it is real...