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.
Taxes Basics
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Latest Articles
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Sales tax holidays offer shopping bargains
Plan back-to-school shopping carefully to take advantage of tax-free shopping days in 15 states.
4 min read Jul 30, 2009 -
IRA penalty has multiple exceptions
The IRS makes it clear that taxpayers can withdraw IRA money early for more than one purpose.
1 min read Jul 28, 2009 -
Reporting gains in a 1031 exchange
The usual capital gains rules are different when the property is a like-kind exchange.
2 min read Jul 23, 2009 -
Is an insurance settlement taxable?
In certain cases, the remains of a settlement to repair a home’s sinkhole damage could be taxed.
1 min read Jul 21, 2009 -
Who can help with a like-kind exchange?
Only a qualified person can conduct a 1031 exchange for you. Here’s how to find the right one.
2 min read Jul 09, 2009 -
Retirement account withdrawal
Whether you withdraw from an IRA or 401(k), the tax implications are usually the same.
2 min read Jul 02, 2009 -
Deciphering tax treaties
The details of a tax treaty involving the U.S. and the Czech Republic are best left to an expert.
2 min read Jun 30, 2009 -
2009 RMD rules for an IRA
If you took a required minimum distribution for 2009, you may be able to roll it into another plan.
1 min read Jun 25, 2009 -
Figuring car depreciation
There are several factors in figuring the depreciation rate on a car used for business.
2 min read Jun 23, 2009 -
Claiming capital loss on a home
Converting your home to a rental so you can claim the capital loss won’t fly with the IRS.
1 min read Jun 18, 2009 -
Avoiding capital gains on foreign property
How can a U.S. citizen avoid paying capital gains tax on the sale of property in another country?
2 min read Jun 16, 2009 -
When to pay US income tax
What are the income tax rules if you live in the U.S. but do business in other countries?
2 min read Jun 11, 2009 -
Like-kind property exchange rules
When improvements are made to property that is condemned, does it count as a like-kind exchange?
1 min read May 28, 2009 -
Calculating condo depreciation
How should you handle the cost of land when deducting a condo used for rental purposes?
2 min read May 26, 2009 -
Beneficiaries avoid big tax bill
One common misconception is that the beneficiaries of an estate wind up with a big tax bill.
1 min read May 15, 2009 -
Video: Miscellaneous itemized deductions
Items in the miscellaneous category may help reduce your tax bill.
Apr 15, 2009 -
Retirement plan rollover
When you move your retirement plan, be sure to do it the tax-smart way.
Apr 13, 2009 -
Deducting capital losses
When investing in a family business that failed, can you still deduct a capital loss?
1 min read Apr 09, 2009 -
Claiming the state income tax deduction
Taxpayers can choose between claiming state and local income taxes or sales taxes when itemizing.
2 min read Apr 02, 2009 -
Paying tax on canceled debt
Unless you meet certain exclusions, the IRS considers canceled debt as ordinary income.
2 min read Mar 31, 2009
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