Tax guidance and resources
Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
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Latest Articles
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How does paying off home equity line of credit affect capital gain on home sale?
A home equity line of credit doesn’t affect a home’s capital gain as much as this.
2 min read Oct 18, 2016 -
Should we make 2nd home our primary residence to cut our taxes when it sells?
Residing in your old home may help you qualify for a big tax break when you sell it.
2 min read Oct 04, 2016 -
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 -
Paying medical bills with 401(k) triggers Obamacare debt
The Affordable Care Act gives low-income folks a discount that sometimes must be repaid.
3 min read Sep 22, 2016 -
Prevent and resolve IRS problems, even if you owe $25 million like Steve Harvey did
Whether you owe a little or a lot, you can avoid IRS trouble by following these steps.
4 min read Sep 07, 2016 -
Calculating capital-gain tax on gifted rental property from in-laws who want to sell
Talk with a pro to determine your liability on the sale of the property you were given.
2 min read Aug 30, 2016 -
IRS can’t find my W-2 form. How do I get my $3,000 tax refund?
Take these steps to find out why the IRS doesn’t have a record of your work.
2 min read Aug 23, 2016 -
12 tax tips gleaned from Hillary Clinton’s tax return
The Democratic nominee recently released her 2015 tax forms. What can you learn?
6 min read Aug 22, 2016 -
IRS rejected my claim for Dad as an exemption on my return. How do I fix this?
You tried to take an exemption on your father, but the IRS said no. Find out why.
3 min read Aug 16, 2016 -
IRS statutes of limitations: You may lose out on a refund if you wait too long
Don’t wait too long! The IRS has a time limit on filing for refunds.
3 min read Aug 09, 2016 -
Work Opportunity Tax Credit: What it is and how it helps veterans and employers
The Work Opportunity Tax Credit helps veterans and certain other workers land jobs.
5 min read Aug 08, 2016 -
Need IRS help: Haven’t filed a tax return for many years! Where do I start?
To keep from feeling overwhelmed, follow these steps to prepare for getting IRS help.
3 min read Aug 04, 2016 -
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 -
Senators seek tax relief for student loan burdens
Students facing overwhelming college loan payments sometimes are able to have that debt forgiven. But then they are hit with a tax bill. New legislation seeks to change that.
2 min read Jul 27, 2016 -
Tax rules on renting your vacation home
Want to put your vacation home to work? Rent it. Just make sure you follow the IRS rules.
5 min read Jul 27, 2016 -
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 Jul 26, 2016 -
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 19, 2016 -
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 -
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.
3 min read Jul 05, 2016 -
13 tax quotes by famous people in positions of power
These familiar quotes by famous Americans reveal diverse views on taxes.
6 min read Jul 01, 2016
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