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.
Taxes Basics
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Latest Articles
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Taxes: Cost of being a professional athlete
Did you know pro athletes have to file taxes in 10 to 26 places? See what the ‘jock tax’ costs.
5 min read Feb 08, 2022 -
Sale of inherited stock could be tax help
If you’re left some stock and have to sell it at a loss, you could come out ahead at tax time.
2 min read Oct 22, 2019 -
Sink hefty tax refund into emergency fund?
There are many options for your tax refund. Should you spend it, invest it or squirrel it away?
2 min read Sep 28, 2021 -
8 zany tax deductions to avoid claiming
Did you hear the one about the fully deductible boyfriend? See what else people tried to deduct.
5 min read Feb 08, 2022 -
Tax advantages of long-term care insurance
The government improved tax incentives for long-term care insurance. Can you benefit?
4 min read Dec 08, 2020 -
Form 1099-B now has cost basis information
New rules require brokers to track investment cost basis for investors on Form 1099-B.
4 min read Jul 16, 2018 -
Small-biz tax write-offs
Do you know which tax write-offs you can claim being a small business?
1 min read Oct 23, 2019 -
Small corporations and tax benefits
When you own a small business, make sure to know about your taxes.
1 min read Oct 23, 2019 -
The small-business owner and the taxman
If it’s your business, then it’s your business to know about taxes.
1 min read Feb 08, 2022 -
Tax benefits for consultants
If you’re a consultant, then it’s your business to know about taxes.
1 min read Feb 08, 2022 -
Rules for claiming parents as dependents
Do your parents meet the resident and other tests? If not, you cannot claim their exemption.
2 min read Dec 16, 2021 -
Get a tax break for college tuition fees?
If your kid is willing to study, bone up on these government dollars for scholars.
2 min read Dec 16, 2021 -
New rules to report capital gains, losses
Heads up — the IRS will be able to better track gains and losses with the new Form 8949.
2 min read Dec 16, 2021 -
Additional foreign account reporting
The IRS is asking more questions on Schedule B and requiring additional foreign account reporting on the new Form 8938.
1 min read Feb 07, 2012 -
Schedule L and Schedule M are gone
For 2011 tax returns, there’s no need to file Schedule L or Schedule M because the relevant tax claims are no longer allowed.
1 min read Feb 07, 2012 -
Calculating 2 mileage rates
The standard mileage deduction was raised on July 1 from 51 cents per mile to 55.5 cents.
Feb 07, 2012 -
Roth conversion payback
The default option to pay for a 2010 Roth conversion was to spread the payment over two years. What’s new for 2011?
1 min read Oct 20, 2021 -
Form 1099-B helps investors track basis
A new tax statement, Form 1099-B, will help taxpayers determine their property’s basis.
1 min read Feb 07, 2012 -
First-time homebuyer tax credit payback
Repaying the original homebuyer tax credit has been streamlined in 2011 on Form 1040.
1 min read Feb 07, 2012 -
When is the tax deadline in 2012?
One tax law change is that the tax deadline is April 17 this year, giving taxpayers more time to complete their taxes.
1 min read Feb 07, 2012
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