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 »
If the current job market has you thinking about starting a business of your own, take some steps to increase the odds that your business… Read more »
There are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that… Read more »
The end of the year is the traditional time for securities investors to “harvest” capital losses for federal income tax purposes. But there’s an added… Read more »
Should you send your child off to college with a credit card? Opinions are divided, both among parents and financial advisors. It’s a situation that… Read more »
