Tax Planning
The Do’s And Don’ts Of Charitable Pledge Donations
The most expensive colleges are now over $65,000 per year. At the same time, student loan debt is over $1 trillion and escalating right along with the cost of college. Student loans, however, are not the only way families can borrow to help pay for college. The following is an overview of the 8 common types of loans used in education funding, followed by a bit of guidance to help you understand which loan(s) might be best for you and your child. 2015 Guide To FAFSA, CSS Profile, College Financial Aid And Expected Family Contribution (EFC)
A CPA Answers: ‘How Should Someone Estimate Taxes When Filing For An Extension?’
Why So Many People Ask This Question I think the biggest confusion about estimating taxes when filing for an extension comes from the fact that you can extend the reporting timeline but not the payment due date—which is why so many people ask this question.
How I Was Stung By A Tax Scam And How You Can Avoid One
When I was stung by a tax scam last year, someone stole my or my wife’s Social Security number and filed a false return
But the thief wasn’t too smart and a huge refund check came my way, which I returned to the IRS.
Yeah, I sent a generous government rebate right back to the Treasury. It wasn’t a legal refund, so I let the IRS know immediately that I was the victim of fraud.
5 Tips to Lower Your Tax for 2015
With 2014 over and 2015 well on its way you may be finding yourself gathering all of your 2014 tax information and getting ready to file your income taxes. Some folks will be expecting refunds while others will woefully dread writing out a check to the IRS.
10 Ways to Tax Proof Your Portfolio
We just started the new year, and it’s already time to start thinking about taxes. W2 forms will start arriving within the next few weeks…followed by 1099s, K1s, and 1098 mortgage interest forms.
The 1031 Exchange That Ate New York City
Even if you know no other section of the tax code, you probably know about Section 1031. It allows tax-free swaps of one business or investment asset for another. 1031 is bandied about by investors, realtors, title companies, and the public. Some use it as a verb, like Fed Exing something. You say, “Let’s 1031 that building for another.”
IRS Announces 2014 Retirement Plan Contribution Limits For 401(k)s And More
A Forbes roundup on the 2014 IRS limits for a variety of retirement savings plans with tips on saving more self-employment income and determining potential savings using the Roth backdoor,
IRS Raises Limit On Tax-Free Lifetime Gifts
Forbes contributor Deborah Jacobs notes the increase in the IRS’ tax-free gift lifetime limit and discusses how it relates to annual gifts, transportability upon the deal of a spouse, and executor filing responsibilities related to tax-free gifts.
11 Ways To Beat The Big 2013 Capital Gains Tax Hike
Ashlea Ebeling of Forbes has rounded up suggestions for minimizing the impact of the additional 5% capital gains tax and 3.8% net investment income surtax now in place. By selling stock and exercising options with care, rebalancing portfolios and using other creative strategies, it is possible to lessen the bite.
Hiring Help For Aging Parents? Read This First
Forbes looks at the new Department of Labor regulations for home care workers and their implications for families that rely on the companionship services exemption to pay less than minimum wage.
