Taxes

Time to Prepare
Taxes

Time to Prepare

Certain tax code changes taking effect now could impact the financial decisions you make throughout the rest of this year.…

Protect Your Profits
Taxes

Protect Your Profits

Thinking of selling your house? Not surprisingly, the IRS wants its share. Over the past five years, home prices have…

Thinking About Selling Your Business?
Taxes

Thinking About Selling Your Business?

The sale of a business can be a ­pivotal event in an entrepreneur’s life—years of hard work can produce a…

Lessons From US Tax Court
Taxes

Lessons From US Tax Court

Taxpayers beware! Much of the $80 billion in new funding for the Internal Revenue Service will be used to scrutinize…

The IRS Is Watching How You Give Money to Family
Taxes

The IRS Is Watching How You Give Money to Family

Taxpayers often act as if intra-family transactions are private, informal affairs free from any outside oversight—after all, spouses typically can…

Frequently Overlooked Tax Deductions for Your 2022 Tax Filing
Taxes

Frequently Overlooked Tax Deductions for Your 2022 Tax Filing

Whether you take the standard deduction or itemize for the 2021 tax year, here’s what deductions you can take, including what has changed.

More Tax Audits On The Way
Taxes

More Tax Audits On The Way

The IRS has received nearly $80 billion in new funding and is using that money to go on a hiring…

New Rules Mean Higher Taxes for IRA Trusts
Taxes

New Rules Mean Higher Taxes for IRA Trusts

If you named a trust as your IRA’s beneficiary, it’s time to revisit—and perhaps revise—that plan. Under the terms of…

Countdown to Tax Time
Taxes

Countdown to Tax Time

Tax-filing season may be months away, but certain tax matters are best considered before the calendar year ends. The IRS’s…

IRS Rule Allows Bigger Penalty-Free IRA Withdrawals
Taxes

IRS Rule Allows Bigger Penalty-Free IRA Withdrawals

An updated IRS ruling now allows IRA owners under age 59½ to dramatically increase the amount of money they can…

2022 Tax Update
Taxes

2022 Tax Update

Tax audits haven’t been high on most Americans’ list of concerns lately. IRS funding cuts and staffing shortages reduced the…

Tricky Tax Twists Following a Spouse’s Death
Taxes

Tricky Tax Twists Following a Spouse’s Death

Nothing is certain except death and taxes—and that widows and widowers will discover that the former makes the latter more…

Taxpayer Victories and Defeats
Taxes

Taxpayer Victories and Defeats

The IRS is always challenging taxpayers on matters ranging from business expenses to legal settlements to unusual assets. Thousands of…

How the ­American Rescue Plan Will Affect Your Taxes and Health Insurance
Taxes

How the ­American Rescue Plan Will Affect Your Taxes and Health Insurance

The $1.9 trillion American ­Rescue Plan Act received plenty of publicity for providing a third round of stimulus checks and…

Benefits of the New Stimulus Bill
Taxes

Benefits of the New Stimulus Bill

Provisions in last year’s financial stimulus bill may have an effect on your income tax filing for medical expenses, donations and/or your retirement.