Taxes
Latest Taxes News
What Is a Gift Loan and How Does It Work?
A gift loan is essentially a loan with an interest rate well below the market average, or even no interest…
Pennsylvania Is Latest State To Sign On To The 2025 IRS Direct File Program
Pennsylvania has joined the list of states that will participate in the IRS Direct File program in 2025. The move…
1031 Exchange Rules in California
Selling an underperforming asset and buying a similarly priced, more promising investment is a logical business move – but what…
No, Bitcoin Won’t Solve Our National Debt
At a Bitcoin conference last weekend, Senator Cynthia Lummis (R-Wyo.) announced forthcoming legislation that would direct the Treasury to buy…
What Are the Imputed Interest Tax Rules?
Imputed interest rules can turn even a simple act of generosity into a taxable event. This IRS regulation requires interest…
Back To School…Estate Planning? POAs For College Bound Kids
Every year when August arrives, many high school graduates and their parents turn their attention to the college bound chaos…
How to Avoid Overpaying Your Taxes
Getting a tax refund can seem like a financial windfall, but it means you’ve overpaid your taxes and given the…
I’m Selling My House and Netting $480k. Can I Avoid Taxes While Downsizing for Retirement?
In most cases, when selling your primary residence you can exclude $500,000 of the gain if you file as a…
Check Your State’s Tax Law Before Converting An IRA
Before converting a traditional IRA to a Roth IRA, residents of states with income taxes should review how their states…
How to Report Foreign Gifts With Form 3520
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons (citizens, resident aliens or domestic…
