Summary: Facing an IRS tax audit can feel overwhelming, but with the right preparation, you can navigate the process confidently. Click through for practical advice on how to respond to IRS requests, protect your rights and minimize stress. If you’ve been selected for an IRS audit, don’t panic — preparation is key. Start by carefully […]
Summary: Filing taxes for your business can be complicated, with even small mistakes leading to missed deductions or higher tax bills. Ever-changing tax rules only add to the challenge. Click through for practical advice on avoiding the most common business tax pitfalls. Staying proactive and detail-oriented can help you avoid the most common inaccuracies on […]
Income can come in the form of money, property or services, but how do you know what is taxable and what is nontaxable? Click through for guidance on how to tell the difference based on certain circumstances. In general, income is taxable unless it is specifically exempted by law. Such taxable income must be reported […]
Do you have employees who earn $60,000 or less? If so, you can help them take full advantage of the Earned Income Tax Credit because, in most cases, they are eligible for it. Click through to learn about how many earners miss out on this beneficial tax credit just because they either have never heard […]
One of the benefits of owning a home is the tax deductions you can claim. You can deduct the interest that you pay during the year, which could result in significant savings on your income taxes. But how do you claim this deduction? Click through to find out.When you make your mortgage payment each month, […]
Are solar panels becoming more affordable for the average homeowner? Would solar panels help you save money on your energy bills? There have been a considerable number of changes in the solar panel marketplace over time. Click through to see if solar panels have a place in your home. Solar panels have become more popular […]
Tax Planning: A Year-Round TaskSummary: Tax planning is not meant to be a year-end scramble or something to be done right before April 15. Click through to see how careful planning now may mean a better outcome when the next due date comes around. Tax planning is a 12-month activity. It’s not something you try to fix […]
Summary: If you decide to set up a trust as part of your estate planning process, you might find yourself wondering if you will be responsible for related tax filings. Click through to discover more about the ins and outs of trusts as well as who pays income taxes on the assets within trusts.For all […]
Summary: No one enjoys a tax audit, and there’s no way to guarantee that you won’t get hit with one. But there are some things you can do to minimize the chances of being audited by the IRS. Click through for some tips that can help you either avoid an audit or, at the bare […]
Two adults who live together and plan to continue doing so may form a domestic partnership instead of getting married. The big question is how can they protect their joint estate? Click through for an introduction to the complex rules.There are many reasons why two people stay together but don’t marry: family, profession, religion, a […]