Month: January 2013

Who Should File a 2012 Tax Return?

If you received income during 2012, you may need to file a tax return in 2013. The amount of your income, your filing status, your age and the type of income [...]

IRS Audit Red Flags: The Dirty Dozen

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? The IRS audits only slightly more than 1% of all [...]

Your Money: 13 money-saving tips for 201

Using a 22-year-old calendar: Cheap or smart? You decide. Thirteen might not be the luckiest of numbers, but 2013 could be a pretty good year to get on a [...]

The 1031 Exchange Blog

Rental properties acquired in a 1031 exchange can be converted to the taxpayer’s primary residence. This is a popular strategy that allows taxpayers to live [...]

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to [...]

GAO: IRS Could Significantly Increase Revenues by Better Targeting Enforcement Resources

The Government Accountability Office has released IRS Could Significantly Increase Revenues by Better Targeting Enforcement Resources:(GAO-13-151): The IRS [...]

The Top Ten Tax Cases of 2012: #9 -The Mortgage Interest Limitation Is More Complicated Than You Realize

Look, I’m not the best dad in the world. I’m not always as “attentive” or “nurturing” as I should be, and yes, sometimes I “go missing from the [...]

Congress Approves Cliff Deal, Signaling Future Fights

(WASHINGTON) — Congress’ excruciating, extraordinary New Year’s Day approval of a compromise averting a prolonged tumble off the fiscal cliff hands [...]

While The Fiscal Cliff Keeps You Distracted, The AMT Will Rob You Blind

While the nation’s eyes are affixed firmly on the future tax implications of the fiscal cliff negotiations, few people realize that they stand to pay [...]

Are Roth IRA Conversions Still A Viable Strategy?

In 2010, Roth IRA conversions were the talk of the town. You could not pick up a newspaper, magazine or any publication without reading an article about this [...]