Tax guidance and resources

Latest Articles

• 

  Must a U.S. permanent resident from Canada report inheritance from Canadian mom?

  Your hubby must report the windfall if it exceeds $100,000, but he may not owe tax.

  2 min read Sep 09, 2021
• 

  Tax advocate can help taxpayer waiting nearly 2 years for a tax refund

  You have an advocate who will look out for you. Here’s what you need to do.

  2 min read Jul 07, 2020
• 

  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 Mar 03, 2022
• 

  Benefit of paying estimated taxes vs. withholding tax from pension checks

  The CPA likely tried to help your mom, who qualifies to appeal the tax underpayments.

  2 min read Sep 09, 2021
• 

  13 tax quotes by famous people in positions of power

  These familiar quotes by famous Americans reveal diverse views on taxes.

  6 min read Apr 27, 2022
• 

  Military taxes: 9 tax tips for members of the armed forces

  Filing taxes is more complicated for service members. The IRS tries to make it easier.

  6 min read Oct 23, 2019
• 

  Tax guidelines for the military

  Serving in the military is difficult, so the IRS makes it easier for service personnel to file.

  5 min read Jun 22, 2016
• 

  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 Nov 19, 2019
• 

  How to figure out whether that letter is an assessment or a property tax bill

  Don’t freak out. An assessment is often not a bill. Here’s how to decipher that notice.

  3 min read Oct 21, 2022
• 

  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 Dec 16, 2021
• 

  First-time homebuyer pays tax penalty on a 403(b) retirement plan withdrawal

  Beware of these costs if you take money out of your retirement plan to buy a home.

  3 min read Sep 09, 2021
• 

  How a single person can structure retirement withdrawals to minimize taxes

  The rules are tricky when it’s time to take money out of your 401(k) and IRA.

  3 min read Sep 28, 2021
• 

  The 10 states with the highest gasoline taxes

  Live in these states? You may pay higher gas prices as you fill up for Memorial Day.

  2 min read Feb 25, 2020
• 

  How home sale exclusion applies to military family with marching orders

  Military household gets special exception to land a tax break on their home sale.

  2 min read Sep 28, 2021
• 

  Investor can take depreciation expense and other deductions for rental property

  You can’t write off your mortgage payments, but there are other tax breaks.

  3 min read Sep 28, 2021
• 

  Widow on Social Security who earns $6,000 as a writer wants to know if she must file a tax return

  Most people her age can earn $10,300 without having to file a return, but her case is different.

  2 min read Jul 08, 2021
• 

  Which tax records to keep and which to shred

  Don’t drown under tons of old tax forms. Here are the best ways to organize your records.

  5 min read Apr 27, 2022
• 

  What to do when military pension creates tax liability due to withholding issues

  The IRS has a form that can help you adjust tax withholding from pension income.

  3 min read Oct 22, 2019
• 

  What to do if the IRS got your tax refund wrong

  You got a check that’s less, or more, than you expected. Here’s how you deal with it.

  6 min read Jun 20, 2024
• 

  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 Sep 23, 2021