Tax guidance and resources

Latest Articles

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  Chart: Tax burden by state

  Some states rely on sales tax, others on income tax. Find out how your state gets its money.

  1 min read Jan 13, 2015
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  Must I report to the IRS the sale of inherited devalued property to Florida county?

  Though the county paid less than the property’s value, you must report it. Here’s how.

  2 min read Jan 12, 2015
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  Do I need to file a tax return?

  Even though you didn’t earn any wages, it might make sense to file a return. Here’s why.

  2 min read Jan 08, 2015
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  Health care tax credit glitch for filers

  Taxpayers who received an Obamacare tax credit may be shocked at filing time.

  4 min read Jan 06, 2015
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  Pay estimated taxes for IRA withdrawal

  You should pay estimated tax to avoid an underpayment-of-tax penalty. Here’s how it works.

  2 min read Dec 23, 2014
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  Tax on master limited partnership in an IRA?

  Whether you must pay tax on the conversion of master limited partnership shares in an IRA depends.

  2 min read Dec 16, 2014
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  Stock splits and capital gains taxes

  First you need to figure out your adjusted cost basis after a stock split. Here’s how to do it.

  3 min read Dec 09, 2014
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  What if employer didn’t turn in payroll tax?

  If your employer didn’t pay the IRS, you can still claim withheld taxes. Here’s what to do.

  2 min read Dec 04, 2014
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  Capital gains tax on sale of fourplex

  You must take into consideration several factors when calculating capital gains tax.

  2 min read Dec 02, 2014
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  Is pain-and-suffering settlement taxable?

  The short answer: Whether you owe tax depends on the facts and circumstances.

  2 min read Nov 25, 2014
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  Cost basis for gift of subdivided property

  Your cost basis is not the land’s value on the date when the land was subdivided.

  2 min read Nov 20, 2014
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  Basis for depreciation on rental property

  Here’s how to figure the basis for depreciation of the home you are converting to a rental.

  2 min read Nov 18, 2014
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  What you can do now to protect tax refund

  Take action to make it difficult for identity thieves to steal your tax refund.

  2 min read Nov 13, 2014
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  Calculating cost basis of inherited property

  To begin, find out the fair market value of the home on the two dates when you inherited it.

  2 min read Nov 11, 2014
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  Conflict management among heirs: Sell land

  Surviving family members have a tough time handling an estate when heirs are fighting.

  2 min read Nov 04, 2014
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  2014 tax ballot initiatives in the US

  Voters will have a chance to influence tax laws in the Nov. 4 election.

  5 min read Oct 27, 2014
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  Calculating taxes on raffle prize winnings

  Because the nonprofit doesn’t have to report the winnings, it makes things simpler.

  3 min read Oct 21, 2014
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  The skinny on reverse 1031 exchange rules

  There’s a way to buy a property before selling your 1031 like-kind exchange, but be careful.

  2 min read Oct 02, 2014
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  Tax costs of paying off home with 401(k)

  Consider all the consequences of paying off your home to become a long-distance landlord.

  3 min read Sep 30, 2014
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  Black Farmers Settlement proceeds taxable?

  Find out if the proceeds of a discrimination settlement are taxable.

  2 min read Sep 25, 2014