Tax guidance and resources

Latest Articles

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  Taxes on bequest of nonqualified annuity

  A nonqualified annuity grows tax-deferred, so eventually Uncle Sam will want his share.

  2 min read Sep 23, 2014
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  Depreciation of equipment on profit-loss statement

  Depreciation lets you spread the cost of a fixed asset over its useful life.

  2 min read Sep 16, 2014
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  Taxes on assets in a revocable living trust

  Your friend left you assets in a living trust. Turns out she was very thoughtful.

  2 min read Sep 11, 2014
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  Taxes on income from disability policy payout

  How you invest the lump-sum payment will determine whether you pay taxes.

  2 min read Sep 04, 2014
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  Report disability income from a work injury?

  The taxability of disability income depends on whether and how you paid the premiums.

  2 min read Sep 02, 2014
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  The skinny on IRS cost basis reporting

  You can use one of three general options when reporting gains and losses to the IRS.

  3 min read Aug 28, 2014
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  Pay capital gains tax rate with 401(k)?

  While the capital gains tax rate doesn’t apply, tax-deferred growth can work wonders.

  2 min read Aug 14, 2014
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  What to do about an IRS notice on taxes due

  The IRS notice may be a mistake, but you need to get to the bottom of this.

  2 min read Aug 12, 2014
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  Estate sale: Taxes on selling Mom’s things

  Your tax basis on her stuff is the market value on the date of death. Here’s how it works.

  2 min read Aug 07, 2014
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  Do I have to pay tax on an inherited IRA?

  Inheritance taxes don’t apply. However, IRA distributions must be taxed eventually.

  2 min read Aug 05, 2014
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  Avoid taxes on bonds used to pay college?

  Need to save for college? Use your savings bonds without taking an income tax hit.

  2 min read Aug 01, 2014
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  Deduct cost of paying someone to drive car?

  You can pay a friend to drive your car and deduct the cost if you meet certain tests.

  2 min read Jul 31, 2014
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  Finding a CPA for tax-planning purposes

  Hire a CPA to help you figure out the most tax-efficient way to sell your mom’s stocks.

  2 min read Jul 24, 2014
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  Mom is worried about tax hit from annuity

  Now that you have invested in a tax-deferred annuity, don’t let the tax issue consume you.

  2 min read Jul 20, 2014
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  Reporting interest from foreign financial assets

  The forms are similar, but each has different requirements for filing them.

  3 min read Jul 17, 2014
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  Reporting taxes for installment sale, gain

  The tax you pay today depends on what you reported to the IRS when you sold the home.

  2 min read Jul 15, 2014
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  IRS classifies tax payment as a tax refund

  You need to find out what happened to your tax refund and why your payment wasn’t applied.

  3 min read Jul 10, 2014
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  Adjusting for change in tax-filing status

  To figure out how much you’ll owe next year, recalculate your taxes as a single filer.

  2 min read Jul 08, 2014
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  First time figuring estimated tax payments

  You can use safe harbor guidelines to estimate tax payments or use an alternative method.

  2 min read Jul 03, 2014
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  Get an offer in compromise to pay tax bill?

  Bankruptcy might help, but before you take that route, consider this option.

  2 min read Jul 01, 2014