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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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 -
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 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 Jun 21, 2016 -
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 Jun 17, 2016 -
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 -
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 Jun 07, 2016 -
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 May 31, 2016 -
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 May 26, 2016 -
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 May 24, 2016 -
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 May 17, 2016 -
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 May 10, 2016 -
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 May 04, 2016 -
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 May 03, 2016 -
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 Apr 27, 2016 -
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 -
Know the tax rules when claiming head-of-household filing status
You must be considered ‘unmarried’ to file as head of household. Here’s what that means.
3 min read Apr 19, 2016 -
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 -
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 -
10 ways your tax return could invite an audit by the IRS
Check these ways that your return may be screaming, ‘Audit me!’
5 min read Apr 04, 2016 -
Get a break now from the IRS for saving for retirement
For lower-income filers, money put away for retirement could cut today’s tax bill.
4 min read Mar 31, 2016
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