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.
Increase in Tax Audits and Prepaid Audit Services
Tax expert Emily Cowan, C.P.A. joins “Money Talks” to warn listeners about increased IRS audits and shares how to respond to an inquiry letter.
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.
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.
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.
Individual Federal and Georgia Taxable Income Differences
Tax expert, Marian Macleod-Elliott, C.P.A., joins “Money Talks” to highlight some of the tax breaks that differ on Georgia state income taxes.
Are You Liable for a Gift Tax Return?
Before you give away your assets in an attempt to avoid estate tax, you should understand the gift tax rules. Find out more in this week’s Tax Tip.