Tax Consequences of Losing Your Job
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances.
Deducting Health Insurance: Special Rule for Self-Employed Taxpayers
Are you self-employed? You may be able to deduct 100% of the insurance premiums paid at the end of the year without itemizing deductions.
Solar Tax Credit is Sunsetting Soon
Thinking about going solar? You might be eligible for a federal tax credit for the purchase and installation costs.
Record Keeping for Your Own Business
Business Owners: Records management is vital because it can help you analyze where your business is and, more importantly, where it’s going.
How to File Taxes After Moving to a New State
Whether moving for a new job, to be closer to family, to retire, or for some other reason, don’t forget about taxes!
Still Too Early to Make Moves in Anticipation of Higher Taxes
The “Money Talks” expert address a common investor concern on what moves to make in anticipation of higher taxes should Biden win the November election.
Still Waiting for the IRS to Cash Your Check?
If you e-filed and mailed a check to the IRS to pay your taxes, you may still receive a tax-due notice.
Foreign Account Reporting Due October 15
Do you gamble online at a casino located overseas? Do you have relatives in a foreign country who put your name on their bank account in case of emergency? You may have an FBAR requirement and not even realize it!!
Charitable Giving
Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
Comparison Chart: Trump and Biden Tax Platforms
This chart provides a side-by-side comparison of the two front-running presidential candidates’ tax plans for the future. However, there is no assurance these plans won’t be revised or that they will have eventual Congressional backing.