Tax guidance and resources

Latest Articles

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  How expiring Bush tax cuts will affect you

  If the Bush tax cuts disappear altogether, it will affect everyone on the socioeconomic scale.

  4 min read Oct 18, 2010
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  Highest sales tax rates in the country

  Are you moving or planning a vacation? Learn which U.S. cities have the highest sales tax rates.

  1 min read Oct 12, 2010
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  Avoiding an early SEP IRA withdrawal penalty

  One man could have avoided paying income taxes if he’d restructured his retirement plan differently.

  2 min read Sep 23, 2010
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  What to do if Bush tax cuts expire

  You can take some steps to minimize your tax bill should Congress decide not to extend the tax cuts.

  7 min read Sep 14, 2010
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  Volunteer vacations let you help others

  If you unwind best by working, take a volunteer vacation and get tax breaks, too.

  3 min read Aug 31, 2010
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  Maximizing your capital gains exclusion

  When figuring your home’s adjusted basis, include its cost and any improvements to the property.

  2 min read Aug 31, 2010
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  Choose your tax preparation service wisely

  You have a wealth of options when choosing a tax preparer. That means more chances to make a wrong choice.

  1 min read Aug 31, 2010
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  Internal Revenue Service offers tax answers

  Many taxpayers dread contact with the IRS. But the agency actually offers a lot of free tax help.

  1 min read Aug 30, 2010
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  Owe the IRS taxes from years ago

  The IRS has 10 years from the date the tax is assessed to collect any unpaid balance.

  2 min read Aug 26, 2010
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  How to lower business income and taxes

  It’s more profitable for business owners to hire a CPA who can provide alternative tax strategies.

  1 min read Aug 24, 2010
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  Tax planning for IRA withdrawals

  Since you turned age 59½ you could have taken all the money out of your IRA without paying a penalty.

  2 min read Aug 17, 2010
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  IRA withdrawals for college, home purchase

  The IRS lets you access IRA funds penalty free to defray college costs and to purchase a home.

  1 min read Aug 10, 2010
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  Woman ineligible for homebuyer tax credit

  Even if you have no ownership interest in your spouse’s home, you cannot get a tax credit.

  2 min read Aug 03, 2010
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  5 ways to cut small-business taxes

  Hiring family members to help you run your business is one less obvious way you can save on taxes.

  1 min read Jul 27, 2010
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  2010 state sales tax holidays

  Have back-to-school shopping to do? Check to see if a tax holiday is coming up in your state.

  3 min read Jul 27, 2010
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  6 midyear tax moves to make

  If you wait until the end of the year to think about taxes, you could miss out on some tax breaks.

  5 min read Jul 07, 2010
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  Ex cannot claim mortgage interest deduction

  Because the ex won’t make house payments, she can’t take any deductions relating to her former home.

  2 min read Jul 06, 2010
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  How an S corporation officer gets paid

  Adequate compensation for services rendered to an S corporation is a hot-button issue with the IRS.

  2 min read Jul 01, 2010
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  How to handle a tax collector

  It’s likely that you’ve been contacted by a scam artist rather than an IRS agent, says the Tax Adviser.

  2 min read Jun 17, 2010
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  Going into business with a foreign partner

  To avoid adverse tax consequences, the owners of the LLC interest should be corporations.

  2 min read Jun 15, 2010