Articles

If you received a first-time homebuyer credit when you initially purchased your main residence, you have to repay the credit overtime. The IRS sends a notice to you each year with the relative information.  This document – Notice CP03A – lists the amount of the credit...

If you are a owner of an employer sponsored retirement plan or traditional IRA, it’s very important to understand the implications of your required minimum distribution (RMD).  These distributions are required to be taken each year once you have reached the age of 70...

In today’s economic environment, you may decide you have to work beyond the "normal" retirement age. Here's how extending your work life can affect your taxes and retirement benefits. "Normal" retirement age is not a fixed number. For social security purposes, the...

Fringe benefits are important to your employees. Wage levels often don't differ much between companies, so the fringes you offer can be an important factor in hiring and retaining workers. Major fringe benefits such as health insurance are expensive. But if you're...

  Check the total taxes you've already paid in for 2013 through withholding and/or quarterly estimated payments. If you've underpaid, consider adjusting your withholding for the final months of 2013 or increasing your remaining quarterly estimate. If you employ...

Want to lower your 2013 tax bill? The time for action is running out, so consider these tax-savers now. * You can choose to deduct sales taxes instead of local and state income taxes. If you're planning big ticket purchases (like a car or a boat), buy before year-end...

Take some time to review your tax situation for 2013 while there are still a few months to make tax-cutting adjustments. Higher-income taxpayers face tax increases this year, which means that an investment in a year-end tax review could make a significant difference...

Employees often have too much of their employer's company stock in their 401(k) or other retirement plan. Employees feel they know their company best, overlooking the risks of having too much of an investment in any one company, including their own. What are some of...

The IRS recently issued a ruling that will treat same-sex married couples the same as opposite-sex couples for federal tax purposes as long as the marriage occurred in a jurisdiction that recognizes same-sex marriages as legal. This ruling, known as the "state of...

Walk through most commercial warehouses and you'll find products that have been collecting dust for months, even years. Tires that no one wants to buy, raw materials that are no longer used, tubes of caulking that are good for nothing but the dumpster - all may be...