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Not-Being-Insured Penalty Eliminated
Tax News, TaxesArticle Highlights:
Shared-Responsibility Payment
Originated in 2014
Fully Effective in 2016
How It Is Calculated
Eliminated in 2019
Note: This one of a series of articles that explain how the various tax changes in the GOP’s…
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Tax Filing Deadline Rapidly Approaching
Tax News, Tax Tips, TaxesHighlights:
2017 balance due payments
IRA contributions for 2017
Estimated tax payments for first quarter 2018
Statute of limitation 2018 refunds
Just a reminder that the due date for 2017 tax returns is April 17, 2018! There…
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Got student loans? Don't make this major tax mistake
Tax Tips, TaxesArticle by Anna Bahney | Found on CNN
If you've been paying off student loans, don't make the mistake of filing your taxes without getting a deduction on the interest you've paid on your loans.
"If you're paying 4% [interest] on your loans…
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Estate Tax Exemption Doubled under Tax Reform
Tax News, TaxesArticle Highlights
Estate Tax Exemption
Unused Exemption Portability
Annual Gift Tax Exemption
Check Your Beneficiaries
Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax…
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Living Abroad? Here Is How Tax Reform May Affect You
Tax News, Tax Tips, TaxesIf you are an expatriate living abroad, you may be wondering how the provisions of the Tax Cuts and Jobs Act (TCJA) will impact you. This is the most extensive tax change in over 30 years, and although it was touted as tax simplification when…
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Can’t Pay Your Taxes by the April Due Date?
Tax News, Tax Tips, TaxesArticle Highlights:
What to Do If You Can’t Pay
Loans
Credit Card Payments
IRS Installment Agreements
Retirement Funds
If you aren’t one of those lucky Americans who gets a tax refund from the IRS you might be wondering…
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Where Do You Fall In The Tax Pecking Order?
Tax Tips, TaxesArticle Highlights:
2015 Overall Filing Statistics
Statistics by Adjusted Gross Income
Percentile Table
Ever wonder where your income puts you in comparison with the rest of the U.S. taxpayers? Each year the Internal Revenue Service…
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Cryptocurrencies and Taxes
Taxes, TechnologyArticle Highlights:
Virtual Currency
Valuation
Transactions
Character of the Gain or Loss
Foreign Currency Transactions
Foreign Bank and Financial Account (FBAR) Reporting
Payment for Goods & Services
Acquiring…
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Tax Reform Limits Exchanges to Defer Taxes
Tax News, TaxesArticle Highlights:
Deferring Tax with Like-Kind Exchanges
Changes Made by Tax Reform
Impact on Trade-ins
Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs…
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Tax deductions vs. Tax credits: A guide for simplifying your tax filing experience
Tax Tips, TaxesArticle Featured on CNN Money
If the thought of filing your taxes gives you heart palpitations and sweaty palms, fear not.
Yes, taxes can be complicated. But the more you understand, the smoother the process will go.
Familiarizing yourself…