The ability to deduct expenses on your tax return often boils down to whether you've kept the proper records or not. This is especially true when it comes to write-offs for travel and entertainment ...
You're probably familiar with the current version of the tax break known as the home sale exclusion. If you're single, you can exclude up to $250,000 of gain on the sale of your home. The exclusion ...
The tax code contains a not-so-secret secret: the tax break for "net unrealized appreciation," which can help you save tax dollars when you have employer stock in your retirement plan. Here's how the ...
Are you transferring money between retirement accounts? Be aware of the rollover rules, which govern the tax treatment of retirement plan distributions....
As the year-end holidays approach, it may be time to empty out your health flexible spending account (FSA). Here's an overview of the tax rules for these accounts....
The IRS isn't giving up its job as the nation's tax collection agency, but it is farming out some of the work. Starting this spring, four private contractors will begin helping collect delinquent tax ...
From a tax planning perspective, the end of the year is the "season of the harvest" for capital gains. Harvesting means you analyze your portfolio, determine your tax situation, and select investment ...
As you begin the process of recovering from a natural disaster, you'll eventually have some tax decisions to make. One of them includes when to claim the deduction for the loss on your federal income ...
Have you received an IRS notice? If you want help responding, you may need to grant authorization so the IRS can discuss the matter with a representative of your choice. That's because your tax ...
Are you over age 70½? Do you own a traditional IRA? You may need to take a required minimum distribution from your account before year-end. If you don't need the income yet, you may be wishing you ...