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When your retirement accounts are growing, it’s great to see the numbers climb. But when you retire and start withdrawing money from your IRA and 401(k), the taxes you owe can take a surprisingly big chunk out of your total. Hopefully,…
Have you ever been a victim of identity theft, or do you know someone who has? Chances are, you can answer yes to at least one of those questions. Identity (ID) theft is rising at an alarming rate. According to…
Getting engaged is an exciting time in anyone’s life, often steeped in romance and anticipation for the upcoming nuptials. But it’s crucial you don’t let your joy overtake practicality — at least not for too long. Marriage ties you to…
Small businesses are a significant part of the U.S. economy. They create jobs, drive innovation, and contribute to their communities. But it’s not always easy to keep a small business afloat, especially in times of economic uncertainty. To help small…
Traditionally, taxpayers had only a few options for filing a tax return. They could visit a local accounting firm or retail tax preparation chain or prepare their own return online. That was then. Technology now makes it possible to work…
Life can get busy, and occasionally, something happens that causes you to fall behind on your obligations. One of the things you fall behind on might be filing tax returns and paying your taxes. Once you miss filing a return…
Most people never pay the alternative minimum tax, also known as AMT. In fact, according to the Tax Policy Center, in 2019, only 0.1% of households paid the AMT, and the majority of those had income greater than $1 million….
Tax time is one of the most confusing, frustrating, and even downright scary times of the year for many people. The tax code is written in very technical terms, IRS forms are perplexing, and hiring a tax professional can be…
When I began running my business in 2010, I wanted to keep my expenses down. I scrutinized every cost and refused to pay for many items because I wanted to be agile. Soon, I discovered I was harming my startup…
Tax law is tough. Even seasoned tax professionals can have questions about certain transactions or tax planning strategies. For example, say you and your tax advisor aren’t sure whether your restructuring plan will count as a tax-free spin-off. Millions of…
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