Tax guidance and resources

Latest Articles

• 

  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
• 

  New form to report capital gains, losses

  Another new tax law: Taxpayers will report capital gains or losses on Form 8949 and on Schedule D.

  1 min read Feb 07, 2012
• 

  Form 1099-K helps track taxpayer income

  Companies that process payments must now report their gross amounts to merchants on Form 1099-K.

  1 min read Feb 07, 2012
• 

  10 tax law changes for 2011 tax returns

  Before filling out your tax return, check out these changes that may affect your IRS bill.

  1 min read Feb 07, 2012
• 

  How 3 homeowners fought property tax bills

  Property taxes are appealing only when that means you’re fighting them. See how it’s done.

  3 min read Jan 25, 2012
• 

  Capital gain tax and nonresident investors

  Is it really true nonresidents don’t have to pay taxes on capital gains tax on stocks?

  3 min read Jan 19, 2012
• 

  Figuring taxes on failed installment sale

  When a buyer stops paying and a renter trashes her condo, what is this widow to do?

  3 min read Jan 17, 2012
• 

  Pay taxes on savings bonds for college?

  When you redeem savings bonds for school, the tax impact depends on who bought them and when.

  2 min read Jan 17, 2012
• 

  Deducting investment interest expense

  Your mortgage interest can offset investment income from dividends, interest and capital gains.

  2 min read Jan 12, 2012
• 

  2012 tax bracket rates

  These tax brackets apply to the 2012 tax year, with tax returns due on April 15, 2013.

  Jan 09, 2012
• 

  2011 tax bracket rates

  An effort to compromise in Congress resulted in the extension of the Bush tax cuts for two more years.

  Jan 09, 2012
• 

  12 tempting tax tips for 2012

  No new taxes are planned, but you may want to take advantage of loopholes before they close.

  5 min read Dec 27, 2011
• 

  Section 179 deduction and bonus depreciation

  Section 179 deduction and bonus depreciation let businesses write off expenses more quickly.

  2 min read Dec 08, 2011
• 

  5 tax deductions that favor the rich

  All is not equal when it comes to tax breaks. The rich benefit more.

  4 min read Dec 07, 2011
• 

  IRS suspicious of dependency exemptions

  There’s abuse in this area. Provide records to establish your right to claim the dependents.

  3 min read Nov 29, 2011
• 

  Tax planning 2011: Smart moves to make now

  As 2011 winds down, make these tax moves now to cut your next tax bill.

  7 min read Nov 22, 2011
• 

  Setting up sole proprietorship

  For your collaborative book project, it’s best to operate as a sole proprietorship to keep it simple.

  2 min read Nov 22, 2011
• 

  Taxable fringe benefits from the employer

  If an employee doesn’t pay premiums for disability insurance, are benefits taxable?

  2 min read Nov 17, 2011