How to Save $100,000 By the Time You’re 30
June 16, 2015
on How to Save $100,000 By the Time You’re 30
You might have heard an absurd-sounding parable that often makes the rounds on personal finance blogs. This story is about two siblings who want to have a
When Can A Business Deduct Prepaid Expenses?
June 15, 2015
on When Can A Business Deduct Prepaid Expenses?
Tax Treatment of Prepaid Expenses, In General Imagine your life had turned out differently, and instead of living in a storage locker and surviving off
How to Get a Double Dose of Tax-Deferred Savings
June 12, 2015
on How to Get a Double Dose of Tax-Deferred Savings
Q: When I turn 70½ I’m required to start withdrawing funds from my 401(k) and pay taxes on it. I don’t need this money to live on. Is it too risky for me
Don’t Miss Filing Deadlines Related to Foreign Income and Assets
June 11, 2015
on Don’t Miss Filing Deadlines Related to Foreign Income and Assets
All U.S. citizens and residents must report worldwide income on their federal income tax return. If you lived outside the U.S. on the regular due date of your
The 7 Biggest Threats to Your Retirement
June 10, 2015
on The 7 Biggest Threats to Your Retirement
Saving for retirement can be intimidating and confusing. This leads many people to avoid thinking about it altogether and just hiding their heads in the sand.
How Far Back Can IRS Claim Tax Evasion?
June 9, 2015
on How Far Back Can IRS Claim Tax Evasion?
If you are hiding income from the taxman, consider how long you are at risk. Three years, six, more? Even if you did your best with your taxes, you might be
Top 10 Myths and Realities about W-2 and 1099 Reporting
June 8, 2015
on Top 10 Myths and Realities about W-2 and 1099 Reporting
Beware of some common reporting mistakes of W-2 and 1099 reporting to avoid tax penalties. Myth vs. Reality Greatland, a provider of W-2 and 1099
No Capital Gains Taxes Due for Some Investors
June 4, 2015
on No Capital Gains Taxes Due for Some Investors
You heard right. There's no capital gains tax -- nada, nothing, zilch, zero -- on the sale of assets held for more than a year. But you might not have heard
IRS Prodded to Ease Compliance with Obamacare Individual Mandate
June 3, 2015
on IRS Prodded to Ease Compliance with Obamacare Individual Mandate
Delays in employer and insurer reporting of health insurance information have reduced the IRS’s ability to determine whether taxpayers and their dependents
2016 inflation adjustments for HSAs released
June 2, 2015
on 2016 inflation adjustments for HSAs released
The IRS issued the inflation-adjusted figures for calendar-year 2016 for the annual contribution limits for health savings accounts (HSAs) and the minimum