Business Owners: Can You Write Off Bad Debt?
Small-business owners: Your accounting method affects your ability to write off receivables that cannot be collected. Read this Tax Tip to find out how.
Manage the Tax on Your Social Security Benefits
Take advantage of the unused threshold for additional income without incurring taxes on your Social Security benefits. Read this Tax Tip for more information.
Is the IRS Withholding Some or All of Your Refund?
If you owe on certain debts, the IRS can keep a portion of your federal refund to satisfy the debt. Read this tax tip to learn more.
Tax Breaks: Limited Window of Opportunity
Last December, Congress extended a number of the Bush-era tax breaks, but only for a limited length of time. It is probably a safe bet that most won’t get extended further, considering the size of the national debt. Although numerous tax breaks were extended, only a few provide you with an opportunity to take actions that can reduce your tax bite. But if you want to take advantage of those tax breaks, you need to act this year or next. Here is a list of those extended tax breaks and what will happen when they expire.
Business Owners: Are You Missing Out On the Research Credit?
The Internal Revenue Code rewards businesses for pursuing innovation by continually increasing investment. Learn how in this Tax Tip.
Tax Strategist: Tax Perks Related to Your Business Travel
Are you missing out on tax perks related to your business travel? Food and lodging expenses may be deducted when you are away from home for business purposes. Like everything in the tax law, to be tax deductible, certain rules must be followed. Individuals who know the rules and keep good records derive the most from these deductions.
Q&A: Simga-Aldrich and Taxation of Master Limited Partnerships
The “Money Talks” hosts answer listener questions about materials company Sigma-Aldrich and the future tax benefits of master limited partnerships.
Tax Tips for Recently Married Taxpayers
If you, like many others during the summer months, have gotten married or plan to get married in the near future, here are some post-marriage tips to help you avoid stress at tax time.
Parents Can Get Credit for Sending Kids to Day Camp
With summer in full swing, there is a tax break that working parents should know about. Many working parents must arrange for care of their children under 13 years of age during the school vacation period. A popular solution — with a tax benefit — is a day camp program.
What Are the Chances of Being Audited? You'd Be Surprised!
Think you’re safe from an audit because you have received your refund check? Think again! Read this for startling information on audits.