Latest
How to Reduce Taxes When You Sell Your Home
How to Reduce Taxes When You Sell Your Home
If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor James Guarino says some clients don’t realize that home sale profits are potentially ...
05-20-2022
5 Reasons Entrepreneurs Should Hire Their Children
5 Reasons Entrepreneurs Should Hire Their Children
By Tom Wheelwright As a small business owner, hiring your children can be a win-win for everyone in the family. Here are the five top reasons why entrepreneurs should ...
05-16-2022
5 Tips to Help You Stay on Top of Your Taxes
5 Tips to Help You Stay on Top of Your Taxes
Tax season can be pretty daunting for small business owners and freelancers. If you pay quarterly taxes, you may realize that you need to be more on top ...
05-15-2022
9 Red Flags that Could Lead to a Tax Audit
9 Red Flags that Could Lead to a Tax Audit
The IRS chooses some taxpayers and audits their tax returns every year. And an audit is examining or reviewing your informations and accounts to ensure you're reporting things correctly and ...
05-9-2022
How Do Wealthy People Get Away With Not Paying Their ‘Fair Share’ of Taxes?
How Do Wealthy People Get Away With Not Paying Their ‘Fair Share’ of Taxes?
By Gene Marks Just last month it was revealed from an investigation of IRS data by media platform ProPublica that—surprise, surprise—the wealthiest of the wealthy (Bezos, Buffet, Musk, etc.) ...
05-7-2022
How to Reduce Your Taxes for 2023—Tips for Families With Children
How to Reduce Your Taxes for 2023—Tips for Families With Children
Raising children can be expensive and it's not getting any cheaper. One excellent place to start keeping more money for your family is to pay less in taxes. ...
05-5-2022
What to Do If There’s a Mistake on Your Business Taxes
What to Do If There’s a Mistake on Your Business Taxes
For small-business owners, preparing an income tax return is far from simple, which can increase the chances of making a mistake. Here are six steps that small-business pros ...
05-2-2022
Best Ways to Use a Tax Refund
Best Ways to Use a Tax Refund
By the first of May you have either received your tax refund or are checking every day to see if it has been deposited to your account or ...
04-29-2022
Biden’s Proposal to Limit Like-Kind Exchanges Impacts Small Business
Biden’s Proposal to Limit Like-Kind Exchanges Impacts Small Business
By Tom Wheelwright  If you’ve ever owned real estate, you’ve likely heard of the 1031 exchange, also known as a like-kind exchange. Essentially, this allows business owners or investors ...
04-25-2022
What Homeowners Need to Know About Property Taxes
What Homeowners Need to Know About Property Taxes
When you purchase your first home, you become aware that you are required to pay for the privilege of owning a home. That payment comes in the form ...
04-19-2022
Tax Reduction Strategies to Help Your Portfolio During a Crisis
Tax Reduction Strategies to Help Your Portfolio During a Crisis
When events such as COVID-19 occur, investors often feel at the mercy of wildly fluctuating portfolios. Investing in the market involves risk—your portfolio will go down. And according ...
04-17-2022
Tax Credits for Your 2022 Tax Return (The One You File in 2023)
Tax Credits for Your 2022 Tax Return (The One You File in 2023)
The mistake many taxpayers make when considering tax credits is they don’t think about tax credits from the previous year until they are filing their taxes. Start planning ...
04-15-2022
Last-Minute Tax Tips for U.S. Crypto Investors
Last-Minute Tax Tips for U.S. Crypto Investors
NEW YORK—When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme. “They have absolutely no idea,” says ...
04-14-2022
So, You’re Getting a Tax Refund!
So, You’re Getting a Tax Refund!
Discovering that you'll be getting a tax refund is certainly not the worst news you've had in your life. In fact, it's easy to see a tax refund ...
04-14-2022
‘Where’d the Money Go?’ How to Handle a Windfall
‘Where’d the Money Go?’ How to Handle a Windfall
Tax refunds. Child tax credits. COVID-19 relief checks. We dream of the next unexpected bundle of money that lands in our lap. Perhaps it’s a few hundred dollars ...
04-7-2022
Use Your Tax Refund to Knock Down Debt, Lift Your Finances
Use Your Tax Refund to Knock Down Debt, Lift Your Finances
So you’re expecting a tax refund this year. With inflation driving up the price of gas, food, and nearly everything else, that extra money can’t come soon enough. ...
04-7-2022
How to Keep Your Tax Return from Getting Hung Up
How to Keep Your Tax Return from Getting Hung Up
There may never be a good time to draw the IRS’ attention, but this year you really want to avoid extra scrutiny. The IRS is so understaffed and ...
04-6-2022
How to Put Your Tax Refund to Work for You
How to Put Your Tax Refund to Work for You
If you’re eagerly anticipating a tax refund in the coming weeks, you have good reason to be optimistic: The IRS reports that about 77 percent of tax returns ...
04-5-2022
Answers to All Your Burning Tax Filing Questions for 2022
Answers to All Your Burning Tax Filing Questions for 2022
By Madeline Garfinkle Tax Day looks a little different in 2022. With respect to the pandemic and unprecedented events of 2021, this tax season presented changes including new ...
04-4-2022
Repeat After Me: ‘SSI Is Not Social Security’
Repeat After Me: ‘SSI Is Not Social Security’
If I had a million dollars, I'd buy commercial time at the upcoming Super Bowl and run an ad that would say, in big bold letters, "SSI is ...
02-15-2022
Majority of Americans Believe Their Tax Dollars Are Misspent, Survey Says
Majority of Americans Believe Their Tax Dollars Are Misspent, Survey Says
A survey has found that only 18 percent of Americans believe their tax dollars are spent effectively. One thousand adults were surveyed across the United States, according to ...
02-19-2020
US Tax Reform Further Complicates Federal Student Aid Form
US Tax Reform Further Complicates Federal Student Aid Form
The FAFSA for the 2010-2021 academic year became available on Oct. 1, 2019. It now requires information from 2018 tax returns.
10-10-2019