Unless Congress acts by year-end, these are the changes you’ll see in the tax rules effective January 1, 2013. SOCIAL SECURITY TAXES. Employee’s share will… Read more »
It’s likely to be a daily occurrence: Your e-mail inbox contains at least one message touting a too-good-to-be-true offer. You probably shake your head and… Read more »
When you own Series EE or Series I savings bonds, you have a tax decision to make. Both types of bonds earn interest monthly. Usually,… Read more »
In your tax planning, don’t overlook how your tax-saving strategies might be affected by the alternative minimum tax. What is the alternative minimum tax? Enacted… Read more »
With the recent economic downturn experienced by many taxpayers, there is a tax concept that is very important: cancellation of debt. You would think that… Read more »
Generally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money that are not taxable: Money received… Read more »
Tick-tock. Time is almost up on that six-month extension you filed back in April to give yourself more time to complete your 2011 individual income… Read more »
Here’s an important reminder for small nonprofit organizations: If your organization had its tax-exempt status revoked for failing to file an annual return from 2007… Read more »
If you want to give your tax record keeping skills a performance boost, do what accounting professionals do. 1. Maintain a separate bank account for… Read more »
Time is running out to make tax-saving moves for 2012. Here’s a sampling of ideas to consider. Maximize the contributions to your employer’s tax-deferred retirement… Read more »
