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Articles

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  Can annuity income inherited from late brother be used for a Roth IRA contribution?

  The IRS limits the types of income that can be used for a Roth IRA. Here are the rules.

  2 min read Nov 08, 2016
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  Don’t let bad body language cost you

  You might not be running for president in your lifetime, but chances are, your body language will affect you at some point when you’re gunning for a job you really want.

  1 min read Oct 12, 2016
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  Owe capital gain tax on primary residence that was converted into a rental property?

  After converting your home to a rental property, your taxes became more complicated.

  3 min read Sep 27, 2016
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  College students head back to class, and struggle with erratic, part-time work

  College students in particular–who often times hold down part-time jobs with irregular hours at places like retail stores, restaurants and bars—would benefit from more predictable work schedules.

  2 min read Sep 09, 2016
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  Get high fashion for low prices

  Here’s where you can find jaw-dropping deals on designer clothes.

  4 min read Aug 17, 2016
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  Residential energy-efficient property credit: Does building green garage qualify?

  The garage construction doesn’t qualify for the energy tax credit, but these things do.

  2 min read Aug 02, 2016
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  Avoid capital gains tax on rental property by moving profits into kids’ college fund?

  You can’t avoid tax on the rental property sale, but other tax benefits may even things out.

  2 min read Jul 12, 2016
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  How FBAR and FATCA affect Dad’s certificates of deposit in India

  If your dad is a U.S. citizen or resident, he must file the FBAR soon.

  3 min read Jun 21, 2016
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  Nonresident alien hasn’t filed a tax return in years and owes tax for rental income

  You have a choice on how to settle a tax bill on rent money. Here’s how it works.

  3 min read Jun 14, 2016
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  The rules on taking an IRA distribution tax-free for first-time home purchase

  You can’t escape tax entirely, but you can avoid the 10% IRA withdrawal penalty.

  3 min read Apr 26, 2016
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  Claiming a dependent parent who draws Social Security on my tax return

  You can’t write off your Mom’s income, but you may be able to claim her as a dependent.

  2 min read Apr 12, 2016
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  Capital loss carryover rules for long-term capital asset loss of $100,000

  You can carry over losses on certain capital assets forever, but it’s not simple.

  2 min read Apr 05, 2016
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  Fundation expands small business lending

  The loan features include fixed-rate installments, with payments that are structured like a fixed-rate mortgage. Like personal loans, small business loans through the company require no specific colla [...]

  1 min read Mar 04, 2016
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  Can I defer passive activity loss to next year if earnings are too high?

  You can only deduct real estate losses to offset gains, but there are a couple of exceptions.

  2 min read Feb 16, 2016
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  Does debt consolidation hurt credit?

  You’ll need a financial plan in place, otherwise debt consolidation may be bad for your credit score in the long run. Here’s what you need to know.

  6 min read Feb 11, 2016
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  Capital gains tax loophole on rental property?

  You’ll have to pay capital gains on the sale of your rental property. Here’s why.

  3 min read Feb 02, 2016
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  How do I figure capital gains on a house I bought twice, before and after divorce?

  Your gain will be based on 2 purchase prices. Here’s how to do the math.

  2 min read Dec 15, 2015
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  What’s the limit on cash gifts from a nonresident alien?

  You can each receive up to $100,000, but be sure to follow all the reporting rules.

  3 min read Nov 17, 2015
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  Credit report complaints abound

  The Consumer Financial Protection Bureau says credit report complaints to the agency increased 56% between June and July.

  1 min read Sep 02, 2015
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  How to figure taxes on pension from a Qualified Domestic Relations Order, or QDRO

  If you have a Qualified Domestic Relations Order, then you are treated as the plan participant.

  2 min read Jun 09, 2015