Interpreting the tax code can be difficult, even for the IRS, and sometimes that means you can benefit. An example is the recent IRS acceptance of a court decision on the proper way to calculate a ...
Requesting forgiveness for an IRA rollover error may now be a bit simpler and less expensive, thanks to a recently-issued IRS procedure. If you inadvertently missed the 60-day time limit for making ...
As you begin your estate planning, strategies for reducing estate tax may be first on your to-do list. Or perhaps you think the current $5.45 million exclusion, combined with portability of the ...
Are you holding onto business or investment real estate primarily because of the taxes you would incur upon a sale? Section 1031 of the Internal Revenue Code may provide you with the ability to defer ...
Before the advent of today's Health Savings Accounts (HSA's) created by Congress in 2003, taxpayers generally had three choices in deciding how to sst aside money for the future....
Tax benefits of 529 plans extend beyond traditional colleges Is your child or grandchild pursuing educational goals after high school, though not at a traditional four-year college? If so, you may ...
In tax law, new rules can seem arbitrary and annoying, especially when what used to take only a few steps now requires many more. But with financial crimes on the increase, recent changes to the way ...
The Affordable Care Act has been in place a few years now, and you've probably noticed that the tax reporting you have to do on your personal return depends in part on the way you obtain health ...
You already know the tax benefits of making retirement plan contributions — your contributions offer the double benefit of tax deferral on asset growth inside the plan and a lower adjusted gross ...
Are you a first-time freelancer? Have you taken on temporary project- or contract-based work? Congratulations on becoming self-employed! If you didn't know this type of work is considered ...