Tax guidance and resources

Latest Articles

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  4 options for your tax refund

  You can direct deposit and split your tax refund among as many as 4 accounts.

  5 min read Feb 25, 2016
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  State taxes: South Dakota

  Each state has its own taxation system, usually a combination of income, sales and property taxes.

  2 min read Feb 24, 2016
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  State taxes: Tennessee

  Each state has its own taxation system, usually a combination of income, sales and property taxes.

  2 min read Feb 24, 2016
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  Can I defer passive activity loss to next year if earnings are too high?

  You can only deduct real estate losses to offset gains, but there are a couple of exceptions.

  2 min read Feb 16, 2016
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  Capital gains tax loophole on rental property?

  You’ll have to pay capital gains on the sale of your rental property. Here’s why.

  3 min read Feb 02, 2016
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  Employee vs. contractor: A tax distinction

  Scored a seasonal job? How it’s classified will affect your taxes.

  4 min read Nov 04, 2015
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  What you can do now to protect tax refund

  Take action to make it difficult for identity thieves to steal your tax refund.

  2 min read Nov 13, 2014
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  Depreciation of equipment on profit-loss statement

  Depreciation lets you spread the cost of a fixed asset over its useful life.

  2 min read Sep 16, 2014
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  Deduct mortgage interest on a 2nd home?

  The interest on the home you bought for your in-laws may be deductible in these cases.

  2 min read Jun 17, 2014
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  Tax benefits for education of grandkids

  While you can’t deduct your grandkids’ college costs, you can get a different tax break.

  2 min read Jan 30, 2014
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  Can passive losses offset a Roth conversion?

  It’s possible you could use passive losses from real estate to offset a Roth conversion.

  3 min read Nov 21, 2013
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  Claim tax refunds as income on tax return?

  Amended returns yielded $9,000 in tax refunds on which IRS paid interest. What should we do?

  2 min read Sep 05, 2013
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  Do you ever owe taxes on insurance benefits?

  Before you spend that insurance money, make sure the tax man won’t expect to take his cut.

  4 min read Mar 25, 2013
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  Are investment fees tax-deductible?

  IRA fees are tax-deductible if you use outside assets to pay them.

  2 min read Feb 12, 2013
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  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
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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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  Will IRS pay interest on a tax refund?

  Don’t think of it as a bank, but the IRS will pay interest to you under certain conditions.

  2 min read Oct 06, 2009
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  Home office can have hidden tax costs

  Claiming a home office deduction has many tax benefits, but it has some drawbacks.

  7 min read Jan 22, 2009
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  Using overnight delivery services

  IRS has provided rules on using a private delivery service for your return, along with advice for late e-filers.

  3 min read Apr 14, 2008
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  Claiming foreign children as dependents

  To claim individuals, even children, as dependents, they have to be citizens or residents of the U.S., says CPA George Saenz.

  2 min read Feb 28, 2007