Month: March 2013

Seven Tips for Taxpayers with Foreign Income

The IRS reminds U.S. citizens and residents who lived or worked abroad in 2012 that they may need to file a federal income tax return. If you are living or [...]

Time is Running Short to Claim Your 2009 Refund

If you haven't filed your 2009 federal tax return, you may still have time to claim your tax refund. The IRS has $917 million in unclaimed refunds from an [...]

Tax Rules for Children Who Have Investment Income

Some children receive investment income and are required to file a federal tax return. If a child cannot file his or her own tax return for any reason, such as [...]

Five Tax Credits that Can Reduce Your Taxes

A tax credit reduces the amount of tax you must pay. A refundable tax credit not only reduces the federal tax you owe, but also could result in a [...]

Seven Reasons the IRS Will Audit You

Filing taxes is on par with going to the dentist or arguing with the DMV. It's tedious, time-consuming and potentially expensive. As if fumbling with [...]

The Top Tax Tips for 2013: Expert Tax Filing Advice

As we head into tax season, taxpayers nationwide are gearing up for Tax Day – April 15th is the 2013 federal tax filing deadline. There have been several [...]

Capital Gains Tax Guide for Investors

  Small Business Stock Gains Section 1202 // Small business stocks are sometimes eligible for special tax treatment under Section 1202 of [...]

Tax breaks for everyone (even top earners)

If you’re a high-income type, you’re probably painfully aware that some tax breaks are phased out (either reduced or eliminated) as your adjusted gross [...]

Is Failing To Issue IRS Forms 1099 Criminal?

Everyone knows something about IRS Form 1099, and if you don’t, you should. It’s that little slip of paper—barely a third of a sheet—but bearing [...]

On Tax Returns, Don’t Forget Form 1099 Traps

In the IRS’s quest for better and more automated matching of income and Social Security numbers, it’s well known that IRS Forms 1099 are important. See [...]