The end of the year is the traditional time for securities investors to "harvest" capital losses for federal income tax purposes. But there's an added wrinkle in 2012: Due to pending tax law changes, you might try to reap more
Read moreA college education. Retirement. What do these major life events have in common? One shared characteristic is that each comes with a price tag. Here's another: If you have school-age kids, you might be facing the challenge of having to
Read moreThere are many worthwhile reasons to lend money to a relative. For example, you may want to help a child or sibiling continue their education or start their own business.But lending money to relatives can have tax consequences. The IRS
Read moreOn June 28, the Supreme Court ruled that the "Patient Protection and Affordable Care Act of 2010" was constitutional, including the requirement that individuals maintain health insurance coverage beginning in 2014.In addition to upholding the individual insurance mandate, the ruling
Read moreIf you have foreign bank, savings, or investment accounts that exceeded $10,000 in 2011, you are required to file "Treasury Department Form 90-22.1" by June 30, 2012. This is not a form that you file with your income tax return.
Read moreIf you are operating your business as a partnership, you should have a written partnership agreement. This is true for family partnerships as well.The need for a partnership agreement can be summed up in two words: things change. You and
Read moreIf your business uses a third-party service provider to handle payroll tax duties, the IRS has three tips for you.Remember that you, the employer, are ultimately the responsible party for the deposit and payment of federal tax liabilities. You may
Read moreThe e-mail from your bank gets your attention right away. It says you need to log into your account in the next 48 hours to continue your online privileges. Something about a system upgrade. You wonder, is it legitimate? How
Read moreThe IRS wants to educate new small business owners about their federal tax responsibilities. "Understanding and meeting their tax filing requirements is one of the biggest challenges faced by people starting out in business," says the head of the IRS
Read moreDid you or are you going to receive a tax refund this year? No doubt you've already heard the standard admonishment about why you should not be giving the government an interest-free loan. Maybe you've decided to "do better" during
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