Taxes

The New 1040 Form Is Not So Simple

The New 1040 Form Is Not So Simple

Greg Rosica, CPA, CFP | September 14, 2018

The 1040 tax form has shrunk for 2018, but that doesn’t necessarily make your taxes simpler or quicker to fill out.

Tax Breaks for Gains and Losses on Small Business Corporations
The Pay-Less-Tax Man

Tax Breaks for Gains and Losses on Small Business Corporations

Edward Mendlowitz, CPA, ABV, PFS | July 23, 2018

There are many potential tax breaks for gains and losses on small business corporation stock, but also many rules that must be followed.

How Trusts are Taxed
The Pay-Less-Tax Man

How Trusts are Taxed

Edward Mendlowitz, CPA, ABV, PFS | June 25, 2018

Trust taxation rules are complicated, but this rundown of the most popular trust types and their tax status will give you a good basic understanding.

Estate Income Tax Planning for People with No Taxable Estates
The Pay-Less-Tax Man

Estate Income Tax Planning for People with No Taxable Estates

Edward Mendlowitz, CPA, ABV, PFS | May 28, 2018

Even if your estate won’t be big enough to owe estate tax, to save money, there are tax rules—and tax-planning moves—you should know about.

These Taxpayers Fought the IRS and Came Out on Top
Taxes

These Taxpayers Fought the IRS and Came Out on Top

Edward Mendlowitz, CPA, ABV, PFS | May 3, 2018

Ordinary taxpayers can beat the IRS—and so can you. Here are important lessons from recent court disputes in which taxpayers prevailed.

Post-Tax-Season Planning Tips for 2018
The Pay-Less-Tax Man

Post-Tax-Season Planning Tips for 2018

Edward Mendlowitz, CPA, ABV, PFS | April 30, 2018

Now that tax season is done, here’s how to switch into tax-planning mode and make your 2018 taxes as low as possible.

Tax Rules for Trading Cryptocurrency
Taxes

Tax Rules for Trading Cryptocurrency

Tyson Cross | March 15, 2018

If you trade in cryptocurrency, you could owe taxes on those assets. Here’s what to know in order to file your return correctly.

Many Taxpayers Are Now Underwithholding
Tax Planning

Many Taxpayers Are Now Underwithholding

Edward Mendlowitz, CPA, ABV, PFS | March 8, 2018

With the new tax law in effect as of 2018, you should review how much income tax you are having withheld from your paycheck in light of the changes.

A Dozen Tax Breaks for Education Expenses
The Pay-Less-Tax Man

A Dozen Tax Breaks for Education Expenses

Edward Mendlowitz, CPA, ABV, PFS | March 5, 2018

There are many tax breaks that can save parents and students money on the cost of college, primary and secondary education. Here are 12 of them.

New Tax-Planning Opportunities for 2018—Start Making these Moves Now
The Pay-Less-Tax Man

New Tax-Planning Opportunities for 2018—Start Making these Moves Now

Edward Mendlowitz, CPA, ABV, PFS | February 5, 2018

Even if you haven’t finished preparing your 2017 tax return, now is the time to consider these powerful tax-planning moves to reduce your taxes for 2018.

5 Strategies to Save Money Under the New Tax Law
Tax Planning

5 Strategies to Save Money Under the New Tax Law

Greg Rosica, CPA, CFP | January 22, 2018

Money-saving strategies to help you win under the new tax law when it comes to retirement accounts…deductions…home buying…borrowing...and more.

It’s Last Call for these Tax Deductions
The Pay-Less-Tax Man

It’s Last Call for these Tax Deductions

Edward Mendlowitz, CPA, ABV, PFS | December 11, 2017

With big tax changes coming for 2018, here’s what taxpayers should do before the end of 2017 to save on taxes.

Avoid Airbnb Tax Trouble
Taxes

Avoid Airbnb Tax Trouble

Natalie ­Rasmussen | November 30, 2017

When renting out your home through a short-term rental service such as Airbnb, don’t ignore the tax consequences.

Avoid These Costly Year-End Tax Mistakes for 2017
Tax Planning

Avoid These Costly Year-End Tax Mistakes for 2017

Brian Vnak, CFP | November 16, 2017

Five year-end tax blunders to avoid as 2017 draws to a close.

Why “Tax Time” Is Now—And You Should Do These 10 Things in November or December
The Pay-Less-Tax Man

Why “Tax Time” Is Now—And You Should Do These 10 Things in November or December

Edward Mendlowitz, CPA, ABV, PFS | November 13, 2017

Here are 10 tax-saving moves that everyone should consider making before the year ends to save on taxes.