Tax guidance and resources

Latest Articles

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  Tax filing status to use when supporting Mom

  You may be able to file as head of household and list your mother as a dependent, but it depends.

  2 min read Nov 15, 2011
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  Top 1 percent: How much do they earn?

  Many believe this group bleeds money, but that’s not always the case.

  3 min read Oct 24, 2011
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  S-corp taxes on upside-down property

  You must use the mortgage balance as the value of the property upon liquidating the company.

  2 min read Oct 20, 2011
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  Do 401(k) assets count in Roth conversion?

  In a Roth conversion, only the values in IRA accounts are considered in determining taxable income.

  2 min read Oct 13, 2011
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  Tax deadline in October

  Just now filing your taxes? Bankrate will help you get it together.

  1 min read Oct 07, 2011
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  Why we procrastinate filing taxes

  Many people wait until October to deal with their taxes, and they may have good reason for doing so.

  4 min read Oct 07, 2011
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  Capital gains tax on sale of gold or silver

  When you sell personal property, you have to pay tax on the gain, but there’s no deduction for a loss.

  2 min read Oct 06, 2011
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  Tax-deductible training to teach dance

  Once you meet the requirements for the job, you can deduct further employer-required training.

  2 min read Sep 29, 2011
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  Obama tax bill — winners, losers

  The president has offered a tax and deficit reduction plan. Who comes out on top under the proposal?

  4 min read Sep 28, 2011
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  Offset capital gains from flipped property

  As long as flipping property is not a business, you can offset the gain with stock market losses.

  2 min read Sep 27, 2011
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  Reporting royalty income for textbook

  Your husband may be a full-time professor, but as an author he is considered self-employed.

  2 min read Sep 01, 2011
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  Getting around foreign withholding tax

  If the tax withheld is excessive, a foreigner can appeal to the IRS by filing Form 8288-B.

  2 min read Aug 30, 2011
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  Getting tax credit for education expenses

  Use the American opportunity credit to help pay college costs, including tools required for school.

  3 min read Aug 25, 2011
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  Getting out of forgiven debt tax

  File an Offer in Compromise, saying you doubt you’re liable for the tax from the forgiven debt.

  2 min read Aug 23, 2011
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  Claim home energy tax credits for 2010

  If you made home energy-efficiency improvements, you could qualify for a tax credit.

  3 min read Aug 17, 2011
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  Executor of will owes money to the IRS

  Your personal tax debts do not interfere with your position as executor of your mom’s estate.

  2 min read Aug 16, 2011
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  How the debt deal might affect your taxes

  The deal imposes new deadlines for lawmakers to find savings via spending cuts and tax revenues.

  2 min read Aug 02, 2011
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  Claim insolvency, avoid tax on short sale

  One maneuver could help you avoid tax on forgiven debt if you don’t own assets with value.

  2 min read Aug 02, 2011
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  How to pay taxes on a Roth IRA conversion

  After losing a job, a tax bill for your IRA conversion is the last thing you need.

  3 min read Jul 28, 2011
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  Debt debacle a matter of semantics?

  Cut through the political ruckus to see what’s proposed, what it means and who supports it.

  3 min read Jul 13, 2011