Tax guidance and resources
Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
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Latest Articles
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Fiscal cliff: Expiring tax laws incite fear
The fiscal cliff of expiring tax laws could set off a chain of catastrophic tax events Jan. 1.
4 min read Jul 07, 2020 -
The tug of war on taxes
An economics professor addresses the major tax dilemmas affecting economic growth.
4 min read May 13, 2022 -
Must estate repay homebuyer tax credit?
You can’t escape death. But can you escape repaying a tax credit when you die?
3 min read May 13, 2020 -
How to calculate cost basis for Indian home
Since you didn’t sell your home before moving to the U.S., you’ve fallen into a tax trap.
2 min read May 13, 2022 -
How to avoid estate taxes with trusts
You can argue with Mitt Romney’s politics, but his personal estate plan is ironclad.
5 min read Oct 23, 2019 -
Depreciation rules on sale of tractor
When you sell your depreciated tractor, you can delay, but not avoid, paying tax on the gain.
2 min read Oct 23, 2019 -
Getting dependent tax exemption for brother
If I shelter my brother and claim him as an exemption, do I have to pay his tax bill?
2 min read Feb 08, 2022 -
Tax proposals: Obama vs. Romney
The president you choose will help shape our tax code. Here’s a look at the candidates’ plans.
4 min read Jul 07, 2020 -
Short sale could beget hefty tax bills
The tax clock is ticking for homeowners considering short sale and facing foreclosure.
3 min read Sep 21, 2023 -
Taking care of special-needs children
Will a $1.3 million apartment in Greenwich Village be enough for special-needs children?
3 min read Sep 13, 2022 -
How to buy like-kind exchange property
Like-kind exchanges offer a great tax loophole for the average investor, if you follow these rules.
2 min read Nov 06, 2020 -
How to day trade your way around taxes
There’s a way to shelter capital gains as a day trader, but it involves making certain tax moves.
2 min read Sep 28, 2021 -
Tax issues you could face in retirement
Forgetting tax issues could be one way to lose post-work money to the IRS.
4 min read Nov 23, 2022 -
Tax refund hung up due to stolen identity
Tax refunds may be waiting in a sketchy mailbox thanks to an ID thief. Is yours one of them?
2 min read May 18, 2020 -
Community property effects on taxes
Couples in community property states might need to give tax returns some extra attention.
4 min read Oct 22, 2019 -
How to prove income with no tax return
No tax return? Don’t worry. If you make less than a certain amount, the IRS has a form for that.
2 min read Jul 07, 2020 -
Rental expenses you can and can’t write off
A handyman can’t write off his time, but he can write off a lawn mower purchased for the rental.
2 min read Jul 07, 2020 -
Accounting for unreimbursed expenses
Unreimbursed expenses incurred by a business partner aren’t reported to the IRS on Schedule K-1.
2 min read Jul 07, 2020 -
Cashing in on deferred passive losses
There is no gray area about whether to use rental losses to offset income or gain.
2 min read Oct 22, 2019 -
Beware scams when cutting property taxes
It’s free to challenge property taxes. Watch out for companies that want to charge you for it.
2 min read Nov 05, 2019
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- States with no income tax
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- The best tax software