Wrongly reporting income or claiming false deductions, expenses and credits on tax returns is not worth the severe penalties that may result from doing so. Read More
A sad aspect of America's educational system is that, despite the fact that schools are often helped out financially by fundraisers and parent donations, their budgets remain small,… Read More
As if tax season isn't complicated enough, it can be a complete nightmare for same-sex couples. Same-sex couples face numerous challenges when it comes to filing income tax… Read More
Many people attempt to “sneak one past” the IRS, but anyone who attempts to hide real estate, bank accounts or other assets that he owns is asking for… Read More
A new California tax collection requirement mandates that large out-of-state retailers, such as Amazon.com and Overstock.com, collect sales taxes on all online purchases made by customers in the… Read More
Saving money today for tomorrow's expenses is the best way to ensure long-term financial security. With the future of the nation's supplemental retirement income program up in the… Read More
Alimony payments, sometimes referred to as “spousal maintenance,” are tax-deductible for the alimony payer and taxable income for the alimony recipient. The IRS has requirements for reporting alimony… Read More
It's important for all taxpayers to understand what information must be reported to the IRS for tax purposes. This includes any gain or loss from the sale of… Read More
Being unemployed is challenging enough, taxes are probably the last thing on your mind when you're out of work. If you receive unemployment pay, you will have to… Read More
Investment income is subject to federal taxes. This includes income earned for investments in a child's name. It is important for parents of children who have investment income to… Read More