For many teens, their summer vacation is nearing an end. With school starting in the next few weeks, many will be leaving their summer jobs. But for those teens who worked over the summer, it is important to know about the tax implications that may affect their income...
Finding Real Life Solutions To Your Tax Problem
Month: July 2016
What expenses are tax deductible when administering an estate
If you are chosen to be an executor for an estate, it is largely a great honor. However, there are a number of responsibilities to be undertaken with regard to a deceased’s property. Part of that is handling (or hiring someone to handle) the administration of...
Gray entrepreneurs should know about taxes
When you think about today’s common entrepreneur, who do you envision: the baby faced techie or the gray haired dreamer? If you have seen the movie “The Intern,” chances are that you will identify with Anne Hathaway’s character more than Robert...
Can you save on taxes when RMD’s apply?
For those coming into retirement and have diligently saved for their golden years, now is the time to spend the money; literally. This is because the tax deferrals that retirees enjoyed by putting money away into tax particular accounts (such as IRAs and 401(k)s) will...