This time of year, there are a lot of articles offering advice about maximizing tax deductions. But not all advice is equal – and those “tax saving” moves aren’t for everyone. Here are eight “tax saving” year end moves that many taxpayers should avoid: Stock Harvesting. Every year, you hear the exhortations to “Sell, sell,…
It’s the ninth day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one…
It’s the eighth day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one…
Christine O’Donnell, former Senate candidate and current Tea Party activist, is hopping mad at the Internal Revenue Service (IRS). O’Donnell claims that, for the second time in five years, the IRS made a serious error on her tax records, this time issuing a levy by mistake. O’Donnell told The Washington Times (where she has an…
It’s the seventh day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one…
It’s the sixth day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one…
Santa clearly made it to our house last night: this morning was an explosion of Christmas wrapping paper and holiday cheer. Last night, before the kiddos were tucked into bed, we tracked Santa’s progress via NORAD (North American Aerospace Defense Command, a United States and Canada bi-national organization charged with the missions of aerospace warning,…
It’s the fifth day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one…
In April, United States Congressman Michael Grimm (R-NY) pleaded not guilty in response to an indictment on a number of federal charges, including tax fraud, vowing, “I’m going to fight tooth and nail … until I am fully exonerated.” What a difference a few months can make. Today, Grimm pleaded guilty to aiding and assisting…
There’s no start date yet but the Internal Revenue Service (IRS) is already gearing up for what’s certain to be a difficult tax season. Noting that the current Tax Code is “very complex,” made more complicated in 2014 with additional FATCA (Foreign Account Tax Compliance Act) and ACA (Affordable Care Act) provisions, IRS Commissioner John…