Year: 2015

It is a good idea to take a few simple steps to avoid having IRA problems. Required Minimum Distributions, over contributions, not designating beneficiaries. Take a few minutes and review your IRA. Avoid a trip to the tax emergency room.  Top Year-End IRA...

Most charities realize that individuals are more apt to make a donation towards the end of the tax year than ealier in the year. Factor in the holidays and even more reason to think that Americans will be generous at year end.It is good to be generous but it is also...

If you have a balance due with the IRS, your retirement accounts can be seized. Usually a retirement asset is not the first asset to be garnished but the IRS has the authority to levy upon your retirement account. The levy on the retirement account...

The mere fact that you have job search expenses does not make them deductible or will save you a great deal on your income taxes. Here is a good summary of the treatment of job search related expenses. Note that the savings are probably not as great as one may think....

Divorce changes everything. Not only will your living situation change, assets you own, but the tax treatment of monies you pay or receive from your ex-spouse. Don't wait till tax time to find out about your Agreement with your ex. Surprises are rarely good. Key Tax...

Do not avoid paying your income taxes. The IRS has plenty of enforcement tools to pummel you into paying the taxes. Here are some tips to deal with the problem and ways to lessen the pain. IRS Tips to Help People Pay Their TaxesIf you owe tax, the IRS offers safe and...

I'm here from the government and I am here to help? Yes, it is true. Take advantage of some of the IRS tools to help you navigate the rough sea of tax issues. Here are some online tools to consider before you call the IRS and have to wait for an extended period of...

Dealing with an IRS problem is time consuming and can be confusing for the average taxpayer. The taxpayer may feel that they are right but the process is long and frustrating. Congress created the Taxpayer Advocate office with the hope that a speedy resolution might...

Are you starting a new business? If so, there are several key decisions to make that will affect you and your business for many years. Here are some initial items to consider when starting your new business: IRS Tax Tips for Starting a BusinessWhen you start a...

The government is here to help with the cost of your college education. Several  credits are offered for attending higher learning institutions. Don't let this money slip away.Here is a summary of the various credits offered: Back-to-School Education...