Savers reveling in 5% yields on cash in money-market funds got a rude surprise this past April—they owe ordinary income tax on that income…as high...
Taxes
All Taxes Articles
The Sun Is Setting On Certain Tax Laws
Heads up! Higher taxes are coming, and the clock is ticking if you want to take steps to protect yourself. Many components of the 2017...
US Tax Court Wins and Losses
Every year, hundreds of taxpayers battle the federal government in regional district courts and US Tax Court, an independent judicial authority created by Congress for...
Do I Need a Separate Tax Advisor?
A separate tax advisor can provide tax advice, preparation, and filing services that other financial advisors may not be the best available for.
Hidden Tax Trap in New RMD Rules
New rules postpone the start of required minimum distributions (RMDs) until age 73—but not withdrawing money from traditional IRAs and 401(k)s until then could create...
You Can Dispute Your Property Taxes…and Win
Property tax assessments are generated by computers without a human ever looking at the property—and they often are wrong. What to do if you think...
Pros and Cons of Married Filing Separately
You married your spouse for better or worse—not to file your taxes jointly. According to the most recent IRS statistics, about four million taxpayers now...
Year-End Tax Planning for 2023
Even though the deadline for filing 2023 income tax forms is months away, the time to consider certain tax-related matters is now—before the year ends....
Six Tax-Saving Opportunities
Scattered throughout the Tax Code are oft-overlooked opportunities to trim your tax bill—or even score a free lunch. But if you wait until tax-filing deadlines...
Giving a Gift? Avoid These Tax Reporting Mistakes
If you give someone a big gift, the IRS will have a gift for you, too—a tax form that’s a lot trickier than it appears....
Time to Prepare
Certain tax code changes taking effect now could impact the financial decisions you make throughout the rest of this year. Bottom Line Personal asked tax...
Protect Your Profits
Thinking of selling your house? Not surprisingly, the IRS wants its share. Over the past five years, home prices have jumped an average of 9%...
