Tax guidance and resources
Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
Taxes Basics
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Latest Articles
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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 Apr 11, 2022 -
Volunteer vacations let you help others
If you unwind best by working, take a volunteer vacation and get tax breaks, too.
3 min read Jan 24, 2021 -
Maximizing your capital gains exclusion
When figuring your home’s adjusted basis, include its cost and any improvements to the property.
2 min read Mar 15, 2022 -
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 Jun 25, 2020 -
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 Dec 16, 2021 -
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 Oct 22, 2019 -
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 04, 2021 -
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 Nov 02, 2023 -
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 Mar 03, 2022 -
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 Oct 23, 2019 -
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 Sep 09, 2021 -
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 Jan 24, 2021 -
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 Mar 11, 2022 -
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 Dec 08, 2020 -
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 Sep 09, 2021 -
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 Oct 23, 2019 -
Going into business with a foreign partner
To avoid adverse tax consequences, the owners of the LLC interest should be corporations.
2 min read Mar 11, 2022 -
Is depreciation recapture necessary?
A couple who sold rental property wonders what forms they need to recapture depreciation.
3 min read Jun 03, 2021 -
4 ways to spy on your CPA
What do you know about the guy keeping your books? Here’s how to get the lowdown on your CPA.
3 min read Mar 03, 2022 -
New hires save businesses money
To promote employment, the HIRE Act rewards businesses hiring workers.
2 min read Oct 23, 2019
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