Are you a grandparent who wants to help pay for a grandchild's college education? You'll find several ways to do this, each with its own limitations and tax consequences.GIFTS. The simplest way is to make an outright cash gift to
Read moreYou should be aware that the Internal Revenue Service has just issued a "Taxpayer Bill of Rights".The Rights are divided into ten main categories. According to this "cornerstone" document you have The Right:to be informedto quality serviceto pay no more
Read moreIf you are quitting your job for another position or retiring completely, you probably have a zillion things on your mind. But don't forget about the assets in your 401(k) plan or other qualified plan at work. There are several
Read moreA recent study conducted by Harris Interactive of 1,000 middle-class individuals aged 25 to 75 revealed some interesting statistics about retirement attitudes.Among the survey's findings:37% of respondents say they don't expect to retire; instead they expect to work until they
Read moreKeep Your Records Safe in Case Disaster Strikes Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case
Read moreGetting a letter or notice from the IRS can be upsetting, confusing, and unnecessary. The IRS sends taxpayers notices to request payment for taxes, to notify them of a change to their account, or to request additional information. Attention to
Read moreFor many business owners, a business appraisal of "valuation" can furnish vital planning information and help mitigate risk. Consider the following:Establishing a verifiable value for your business can show whether assets have appreciated at a reasonable rate. If not, the
Read moreA recent study conducted by Harris Interactive of 1,000 middle class individuals aged 25 to 75 revealed some interesting statistics about retirement attitudes.Among the survey's findings:37% of respondents say they don't expect to retire; instead they expect to work until
Read moreA different sort of tax return deadline is fast approaching: Nonprofit groups claiming tax-exempt status have until May 15, 2014, to file returns for the 2013 tax year. Here are the answers to several common questions on this issue.Q: Does
Read moreIf you earned $400 or more of net profit during 2013 from work as a sole proprietor or independent contractor, you may owe self-employment tax. That’s true no matter what your age – even if you’re receiving social security benefits.
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