Tax guidance and resources

Latest Articles

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  Using Roth IRA funds at foreign schools

  You can use Roth funds at schools that participate in student aid programs here and abroad.

  3 min read Jan 16, 2014
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  60-day withdrawal from a Roth IRA

  The IRS does allow tax-free withdrawals if you follow certain steps within 60 days.

  1 min read Jan 14, 2014
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  Increase withholding or pay estimated tax

  The general rule is that estimated tax payments are required if you meet certain criteria.

  2 min read Jan 09, 2014
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  Pay taxes on church raffle prize winnings

  You will owe tax on your prize money, but you can deduct your donation if you itemize.

  2 min read Jan 07, 2014
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  The tax joys of parenthood

  Children are expensive. But parents can take advantage of several child-related tax breaks.

  4 min read Jan 01, 2014
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  Report settlement proceeds on taxes

  Settlement proceeds may or may not be deductible, depending on the facts and circumstances.

  2 min read Dec 17, 2013
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  Tax deductions for work expenses

  The protective gear is tax deductible, but do the math to be sure it makes sense to itemize.

  2 min read Dec 12, 2013
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  Determining basis as a joint tenant

  You would have gotten a bigger tax break if your aunt had left her property to you in a trust.

  3 min read Dec 10, 2013
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  Taking a tax deduction on an RV as a home

  The rules for deducting mortgage interest on income taxes are broader than you might think.

  2 min read Nov 26, 2013
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  Can passive losses offset a Roth conversion?

  It’s possible you could use passive losses from real estate to offset a Roth conversion.

  3 min read Nov 21, 2013
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  Can divorcee get innocent spouse relief?

  You may qualify for innocent spouse relief. Here’s how to get a tax refund.

  2 min read Nov 19, 2013
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  Determining taxation of disability benefits

  One box of Form 1099-R tells if you owe an additional penalty, another if you owe tax.

  1 min read Nov 07, 2013
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  Claiming unallowed losses on property sale

  You can claim unallowed losses when you sell your property. Here’s what you need to know.

  2 min read Nov 05, 2013
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  Can I get rental income loss deduction?

  It’s nice of you to reduce your tenant’s rent. You can’t deduct a loss, but you have options.

  2 min read Oct 08, 2013
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  Depreciation rules of a business property

  You can’t write off the down payment, but you can do something else to lower your tax bill.

  2 min read Oct 03, 2013
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  Claim lost down payment as a capital loss?

  You can’t deduct the down payment as a capital loss, but you can deduct it as an ordinary loss.

  2 min read Oct 01, 2013
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  Are dental expenses tax-deductible?

  Dental expenses you paid for someone else may be tax-deductible under these circumstances.

  2 min read Sep 24, 2013
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  Social Security survivors benefits taxable?

  You don’t have to pay taxes on benefits for your son, but claiming him as a dependent depends.

  2 min read Sep 19, 2013
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  Are contract labor costs tax-deductible?

  The costs incurred in building a home aren’t deductible, but keep track of them for the future.

  3 min read Sep 17, 2013
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  Tax penalty for cashing out a 401(k)

  You’d have to pay income taxes, plus a possible penalty, and your retirement would be at risk.

  2 min read Sep 12, 2013