Tax guidance and resources

Latest Articles

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  Picking the perfect retirement tax haven

  When choosing a retirement spot, consider whether the state is tax-friendly for you.

  4 min read Jul 12, 2011
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  Ordinary loss: extraordinary tax deduction

  If inherited property loses value, your tax strategy depends on how the IRS will categorize your loss.

  3 min read Jul 12, 2011
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  Taxes on gifts held in father’s homeland?

  For U.S. citizens, overseas assets present special tax challenges that require expert advice.

  3 min read Jul 07, 2011
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  How taxes affect investing gains, losses

  Consider capital gains, losses and dividends while investing in stocks and bonds.

  3 min read Jul 05, 2011
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  Co-owned property with an ex can be taxing

  Even if you’re on good terms after the breakup, get your financial deals in writing.

  2 min read Jun 14, 2011
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  States with the steepest gasoline taxes

  The national average for taxes is 49.5 cents per gallon but in some states it’s much higher.

  1 min read Jun 08, 2011
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  Deducting taxes on unimproved land

  You can elect to capitalize some expenses if you can’t benefit from a tax deduction.

  2 min read Jun 02, 2011
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  Converting nondeductible IRA to Roth

  All gains in your IRA will be taxed at ordinary income tax rates, no matter what their nature.

  2 min read May 17, 2011
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  Pay off mortgage with IRA funds?

  Although you’re more than 59½ years old, you still have to pay income tax on the withdrawal.

  1 min read May 12, 2011
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  Uncle Sam helps out with children’s day care

  Expenses paid with a flexible spending account can’t be claimed for the child care credit.

  2 min read May 10, 2011
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  Claiming 25-year-old son as dependent

  You should amend your tax return, as he earned too much money to be claimed as a qualifying relative.

  1 min read May 05, 2011
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  What happens to investment interest expenses?

  The investment interest expense of the decedent spouse is not eligible for carry-over. 

  1 min read May 03, 2011
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  Dipping into your IRA, a taxing downer

  Tap your IRA as a first-time homebuyer without a penalty, but you will pay income taxes.

  2 min read Apr 22, 2011
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  How to account for business loss

  If you use the cash-basis method of accounting, you can’t incur a loss for an uncollected account.

  1 min read Apr 19, 2011
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  10 craziest tax deductions for 2011

  Tax time lends itself to the occasional crazy deduction.

  1 min read Apr 18, 2011
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  Job hunting could help cut your taxes

  You may be pleasantly surprised to learn that your job search can help cut your tax bill.

  1 min read Apr 12, 2011
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  3 tax traps same-sex couples can avoid

  Federal tax code does not recognize same-sex marriages which makes tax issues tricky.

  1 min read Apr 12, 2011
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  Deducting travel and entertainment expenses

  You can treat tickets as either a gift or entertainment, whichever is to your advantage.

  2 min read Apr 07, 2011
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  10 craziest tax deductions for 2011

  Taxpayers cook up wacky ways to shave their taxes. CPAs share the funniest ones.

  5 min read Apr 05, 2011
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  Paying tax on foreign real estate

  You can’t double dip, but you also don’t want to be double taxed on your Canadian rental unit.

  2 min read Apr 05, 2011