Are Withdrawals from a Cash Value Life Insurance Policy Ever Tax Free?
Before you withdraw from your cash value life insurance policy, be aware of your basis and any surrender charges. Learn more in this week’s Insurance Tip.
If I Work at Home Occasionally, am I Entitled to a Home Office Deduction?
You have a home office, but can you deduct it on your taxes? Before you do, make sure you pass two tests from the IRS. Find out in this week’s Tax Tip.
Growth vs. Value: What's the Difference?
You should understand what you are buying when choosing between a growth or value stock for your portfolio. Find out more in this week’s Financial Tip.
In the News: Tailor your reporting for your situation
The basis accounting method you use can help manage your tax liability on your investments. Read our article on MDJonline.com.
Safeguard Your Refund—Choose Direct Deposit
The fastest way to get your tax refund is also the safest way: e-file and direct deposit. Learn more on the IRS website.
IRS App Available
The IRS has an app for that! Smartphone users can get IRS2Go 2.0, to provide access to practical tools and information. Learn more about the app.
Business Automobile Insurance Basics
If your employee causes an accident in a company vehicle, as the higher up you’re likely responsible. Find out more in this week’s Insurance Tip.
New Credits for Hiring Veterans
The Work Opportunity Credit has been modified by new legislation that extends the benefits for hiring unemployed veterans. Read more in this week’s Tax Tip.
Working During Retirement
According to the Employee Benefit Research Institute’s 2011 Retirement Confidence Survey, 74% of workers plan to work in retirement, but historically only about three in 10 retirees have been able to do so. If you plan to work during retirement, consider how you might adjust your plans if ill health or job loss prevented employment. Learn more in this week’s financial tip.
Tax Strategist: It’s Tax Time! Are You Ready?
If you’re like most taxpayers, you find yourself with an ominous stack of “homework” around TAX TIME! Unfortunately, the job of pulling together the records for your tax appointment is never easy. However, the effort usually pays off when you save extra tax money! Read more in this month’s Tax Strategist.