The Republicans promised that tax reform would yield a new, postcard-sized form 1040, and now, Treasury Secretary Steven Mnuchin says they will deliver.
Read MoreYear: 2018
Buying A House? Don't Do It For The Tax Breaks
Thanks to recent tax law changes, tax breaks may be a less significant factor for homeowners. Here are eight home ownership-related changes in the tax law that may affect your tax bill.
Read MoreDo The Hustle: Why You May Need A Side Gig
Thinking about a side gig? You’re not alone. Here’s why it makes sense from a tax perspective.
Read MoreGet Ready To Save As State Sales Tax Holidays Begin
Here is a quick peek at states offering taxpayers a sales tax holiday in 2018.
Read MoreSocial Security Card Replacement Limits May Come As A Surprise
Taxpayers have limits that they might not know about. You are limited to three replacement Social Security cards in a year and 10 during your lifetime. Here’s more.
Read MoreA Quick Look At North Korea From History To Taxes
Earlier this week, the world turned its eyes on North Korea as President Trump met with the country’s leader, Kim Jong Un, in Singapore. Here’s a brief look at the country’s history, economy – and why the government claims its people don’t pay taxes.
Read MoreIRS Announces Interest Rates For Late Payments And Tax Refunds
The Internal Revenue Service (IRS) has the interest rates for the third calendar quarter. Here’s what it means for taxpayers who owe money – and for those who are owed money.
Read MoreA $3.3 Million Lunch With Warren Buffett Could Be A Good Tax Move
Earlier this week, a charity auction to have lunch with Warren Buffett resulted in a winning bid of $3,300,100.
When you have the means to spend $3 million on lunch, you might not be looking for a tax break. But here’s why it could make good tax sense this year.
Trustees Report That Social Security Benefits Could Be At Risk
Each year, the Trustees for Social Security release an annual report on the financial outlook for Social Security and Medicare. The key takeaway this year: Both face long-term financing shortfalls.
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More Tax Guidance Is Needed On Cryptocurrency
As cryptocurrency continues to grow and evolve, more tax guidance is needed, not only to clarify questions from the IRS’ initial notice but also to address unexpected events like forks and splits.
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