Taxes
Latest Taxes News
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…
Zaxby’s Founder Reaches Settlement In Conservation Easement Deduction
Over the past five years conservation easement deductions have been in the spotlight due to Congress restricting syndicated conservation easement…
What Are the Tax Implications for Withdrawing From Your IRA?
Managing your retirement savings effectively requires understanding the tax implications of withdrawing money from an individual retirement account (IRA). IRAs,…
No Surprises In Kamala Harris’s 20 Years Of Tax Returns
Vice President Kamala Harris has released 20 years of personal tax returns, stretching back to the earliest days of her…
I’m Going to Get $3,300 per Month From Social Security. How Can I Reduce My Taxes?
Approximately 40% of households pay taxes on their Social Security benefits, according to the Social Security Administration. If you do…
