Tax Implications of Child Support Payments
Whether you are paying or receiving child support, you should be aware of the federal income tax consequences. Learn more in this week’s Tax Tip.
IRS Liberalizes Position on Local Lodging
The IRS provides guidance for certain non-away-from-home lodging expenses to be treated as deductible business expenses. Read more in this Tax Strategist.
If I Rent Out My Home, What Are My Insurance Needs?
If renting out your home, you’ll want to update your homeowner’s insurance to a policy designed for rental properties. Learn more in this week’s Insurance Tip.
Is Your Child a Full-Time Student?
Your full-time student could yield you a $3,800 tax deduction in 2012. Learn more in this week’s Tax Tip.
The Supreme Court’s Ruling on Patient Protection and Affordable Care Act
The “Money Talks” hosts discuss the Supreme Court’s ruling on Patient Protection and Affordable Care Act and how it affects high income earners.
What to Do If You Receive an IRS Notice
Letters from the IRS. Certainly not love letters, but often not a reason to panic either. We explain in this week’s Tax Tip.
Forgot Something on Your Tax Return? It’s Not Too Late to Amend
If you’ve forgotten something on your tax return that affects the tax due, you can file an amended return. Learn more in this week’s Tax Tip.
IRS Announces 2013 Inflation Adjusted Amounts for Health Savings Accounts
IRS increases contribution limits for Health Savings Accounts for 2013. Read more in this week’s Insurance Tip.
Big Changes Coming for Investors in 2013
2013 will bring some big changes for investors, and none of them for the better. Taxpayers affected by these upcoming changes may wish to consider taking actions in 2012 to mitigate the impact of these changes. Read this Tax Strategist for more.
Identity Theft and Tax Fraud Are Growing Problems
Criminals can use your Stolen ID to file fraudulent tax returns. Learn how to protect yourself in this week’s Tax Tip.