Thinking of Tapping Your Retirement Savings? Read This First
Before making any early withdrawals from an IRA or other retirement plan, carefully consider the consequences. Read more in this week’s Tax Tip.
Who Controls the Funds in a Section 529 Plan?
A 529 Plan can reach a hefty balance, but who controls the money? It depends. Read all about it in this week’s Financial Tip.
Odds of Being Targeted by the IRS for Audit
The IRS audit selection process favors returns that claim the Earned Income Tax Credit. Learn more in this week’s Tax Tip.
Want to Reduce Required Minimum Distributions and Extend Your Retirement Benefits?
Some seniors may benefit from a qualified longevity annuity contract to lower their RMDs. We explain in this week’s Tax Tip.
Using Home Equity for Business Needs
Before you tap your home equity to fund a business venture, you need to understand the tax ramifications. Read all about it in this week’s Business Tip.
Deductions Eliminated Under Trump’s Tax Reform Proposal
Tax laws are *always* subject to change. Learn what deductions may be up for elimination in this week’s Tax Tip.
Big Tax Break for Adoptive Parents
If you are an adoptive parent or are planning to adopt a child, you may qualify for a substantial income-tax credit. We explain in this weeks Tax Tip.
Can You Deduct a Home Office, and Is It Worth It?
While calculating the home office deduction has become easier, the qualifications are still pretty stringent. Read all about it in this week’s Business Tip.
Tax Benefits of Home Ownership
There are several federal tax benefits available to make homeownership more affordable and less expensive. Learn more in this week’s Tax Tip.
Deducting Convention Expenses
Planning on writing off that business convention trip to London? Before you do, know what is deductible. We explain in this week’s Business Tip.