Tax guidance and resources

Latest Articles

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  Got a hobby? It might qualify as a business, with all the extra tax breaks

  Tax breaks on hobby income are less favorable than for a business. Here’s how it works.

  3 min read Feb 27, 2017
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  7 wacky tax deductions to avoid in 2017 if you want to dodge a tax audit

  Some taxpayers will try anything to reduce their taxable income, say seasoned CPAs.

  5 min read Feb 21, 2017
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  6 ways the IRS helps pay for education via tax-favored savings plans, other tax breaks

  These tax breaks can help reduce college costs, and one even helps younger students.

  4 min read Feb 20, 2017
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  Wait 5 years to take an IRA withdrawal from Roth IRA conversion made last year?

  You do have to wait five years to get at the earnings, but you still have options.

  3 min read Feb 14, 2017
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  Make sure your children are a credit to you by claiming the child tax credit

  At tax time, parenthood can be a rewarding experience when claiming the child tax credit.

  3 min read Feb 14, 2017
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  How alimony payments affect your taxes when you’re the payee or the payer

  Do you pay or receive alimony payments? If so, pay attention to these tax rules.

  2 min read Feb 10, 2017
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  Mileage deduction amounts for 2016 and 2017 go down instead of up

  The IRS cut mileage deductions in each of the last two years due to declining costs.

  1 min read Feb 08, 2017
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  Can divorcing woman duck tax on vacation-home sale?

  Uncle Sam’s big tax break pertains to the sale of a main home. Here’s how it works.

  2 min read Feb 07, 2017
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  When does it make sense for married folks to file separate tax returns?

  Even if you’re usually inseparable, at tax time it may make sense to file separately.

  3 min read Feb 07, 2017
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  Win a bet on the Super Bowl? Don’t forget to give Uncle Sam his cut

  Whether you are a recreational or professional gambler, you must report your winnings.

  6 min read Feb 06, 2017
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  What to know about Obamacare tax forms

  Obamacare is still in place for tax-filing purposes. Here’s how to account for it.

  4 min read Feb 03, 2017
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  Super Bowl pool anyone? Sports betting illegal in most places, but widely practiced

  The stakes are high when gambling on sports, but you’ll owe taxes if you win.

  7 min read Feb 02, 2017
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  How to choose a tax preparer

  Not all tax pros have the same credentials. Here’s how to pick the right one for you.

  3 min read Feb 01, 2017
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  What to do if you don’t get your W-2 from the boss and you want to file taxes early

  If your employer is slacking or out of business, you have options. Here’s what to do.

  3 min read Jan 31, 2017
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  W-2 form shows my employer barely withheld taxes. Do they owe me money?

  Without pay stubs, you still can check the math on your W-2. Here’s what you can do.

  3 min read Jan 31, 2017
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  How much do you know about filing taxes? Test your knowledge with this quiz

  Before you begin tax filing, test your knowledge with these basic tax questions.

  Jan 30, 2017
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  You don’t have to wait for IRS Form 1099 from various issuers to file your tax return

  While you don’t have to wait for this form from most issuers, there is one exception.

  3 min read Jan 26, 2017
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  When do we owe tax on RMDs? Can income tax withholding occur with last distribution?

  You can pay tax from your last required minimum distribution if you meet these criteria.

  3 min read Jan 24, 2017
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  Which tax form should you use: 1040, 1040EZ or 1040A?

  Picking the right 1040 form could make a difference in your tax bill, so choose wisely.

  6 min read Jan 24, 2017
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  7 ways tax laws could change under the Donald Trump tax plan

  The new president wants to lower tax rates for most Americans. See how you might save.

  5 min read Jan 20, 2017