Month: April 2014

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 [...]

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 [...]

IRS Reiterates Warning of Pervasive Telephone Scam

WASHINGTON – As the 2014 filing season nears an end, the Internal Revenue Service today issued another strong warning for consumers to guard against [...]

Estimated tax penalty

As every year draws to a close, you got one last opportunity to be sure you're in Uncle Sam's good graces when it comes time to settle up on your federal [...]

IRS Warns of New Email Phishing Scheme Falsely Claiming to be from the Taxpayer Advocate Service

WASHINGTON —The Internal Revenue Service today warned consumers to be on the lookout for a new email phishing scam. The emails appear to be from the IRS [...]

Tax Strategies for Real Estate Agents

As a real estate agent, your gross commission is not a salary. It's business revenue that must cover both your salary and your expenses. Manage it successfully [...]

Investing in a Second Residence

The current slump in the vacation home market has provided an opportunity to acquire one's dream vacation home at a bargain. Investing in a second residence, [...]