So, two men walk into a Cracker Barrel… It sounds like the start of a joke but for 18 year old Abigail Sailors, a waitress at the restaurant, it was anything but a joke.
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What You Need To Know About Taxes In 2014: Expired Tax Breaks, Obamacare Penalties, & More
Now that we’re into 2014, it’s worth taking a moment to consider what’s different this year from a tax perspective. Congress has made some changes for 2014 including adding a few new provisions and letting some existing tax breaks expire. So what’s different?
Read More13 Dramatic Year End Tax Strategies For 2013
The clock is ticking. You have a few hours yet to get in some last minute tax planning for 2013. Can any of these drastic year-end tax strategies work for you?
Read MoreTax Break Ending For Underwater Homeowners: Is It The Right Time?
As the year draws to a close, so, too, are a number of tax provisions for individuals. One of the most talked about is the Mortgage Forgiveness Debt Relief Act, which is set to expire in a few days. The provision allows taxpayers to exclude forgiven or canceled debt from a short sale, foreclosure or other mortgage relief, from taxable income. Will Congress tack on another year or just let the Act expire?
Read MoreTiming Is Everything: 11 Key Triggers To Keep In Mind For The 2013 Tax Year
As the 2013 tax year draws to a close, taxpayers are scurrying to figure out how to minimize income and maximize deduction. The most important rule? Timing is everything.
Read MoreTax Scammers Continue To Dial-Up Trouble For America’s Seniors
Phone ringing off the hook? It could be scammers.
Read MoreIRS Announces 2014 Standard Mileage Rates
Gas prices are on their way down… and so are the standard mileage rates. The IRS has announced the standard mileage rates for business, moving and medical expenses for the calendar year 2014.
Read MoreThis Man’s Nuts: Plan To Sell Testicle For New Car Is Taxable
What would you give up for a new car? Would you sell a kidney? One man has made it clear that he would… and I ponder the tax consequences.
Read MoreWhen Mom & Dad Move In: The ‘Granny-Flat Tax Exemption’ For The Sandwich Generation
What happens when you have to take care of your parents and your children? The “sandwich generation” is learning the hard way that it can take a toll, both emotionally and financially. Are there affordable options available? Florida may have the answer.
Read More9 Ways To Say Thank You On Veterans Day (And Maybe Even Get A Tax Break)
Happy Veterans Day! As we salute the men and women who keep us safe, here are a few tips for how you can say thank you (and maybe even get a tax break)…
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