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Explore the Muni-verse
You’ve probably heard of the phrase “tax-free municipal bonds” and wondered what they are, and whether they have a place in your financial plans. If you are tax-sensitive (i.e. looking to keep taxes low), and seeking to preserve assets while... ➡
Home Office? Check. Deduct it? Hmmmm....
Business owners love to find ways to lower their taxes. But the IRS has lots of finicky rules for home office deductions that make it less appealing than it might seem at first glance. But all that is about to change. The IRS has announced a new... ➡
The #1 Tax Problem You Don't Want
Whether you’re raking in big profits or your business is in its infancy, you must keep your business and personal finances separate—for tax purposes and two other important reasons. First, in order to grow your company (and not get tripped up by... ➡
Words You Should Know: Social Security Payroll Tax
Does it feel like your paycheck just got a little smaller? That’s because it did, by 2%. Thank the Social Security payroll tax. The Social Security payroll tax is one of the lines on your pay statement, and it is what it sounds like—a 12.4% tax... ➡
Does Your CPA Pass the Quarterly Tax Test?
Ten years ago, business lawyer Nina Kaufman went from running her own shop to joining a limited-liability partnership. She was thrilled…until April 15 arrived, and with it, a $20,000 tax bill. Turns out, she should have been paying quarterly... ➡
We Put Mobile Tax Apps to the Test
Too glued to your smartphone to sit down and do your taxes? We tried out two free tax filing apps for you: SnapTax by TurboTax No kids, real estate, or investment income? SnapTax will help you “magically” file a 1040EZ using a snapshot of your... ➡
Harvest Time for Taxes
The stock market may be surging today, but it hasn't exactly been a banner year for investing. If your portfolio is showing more red than a Valentino runway show, don’t get mad, get tax-savvy. Selling investments at a loss can generate a nice tax... ➡
Pay It Forward on Tax Day
Getting your returns files is one reason to look forward to tax day. But it’s a major money day for another reason—it’s the last day you can contribute to your traditional or Roth IRA. That’s right, Uncle Sam kindly gives you until tax day to max... ➡
