Q is for 1099-Q. If you are the owner of a qualified tuition program (QTP) (like a section 529 plan or a Coverdell ESA), you
Read MoreCategory: taxes from a to z
Taxes From A To Z (2013): P Is For Passive Activity Rules
P is for Passive Activity Rules. The Internal Revenue Service likes to match up income with deductions. And in most cases, when it comes to
Read MoreTaxes From A To Z (2013): O Is For Ordering Rules
O Is For Ordering Rules. Roth individual retirement accounts (Roth IRAs) have been around for a relatively short period of time. Specifically, Roth IRAs were
Read MoreTaxes From A To Z (2013): N Is For Notice Of Deficiency
N is for Notice of Deficiency. Few things can be scarier for taxpayers than receiving mail from the Internal Revenue Service. No matter how intimidating
Read MoreTaxes From A To Z (2013): M Is For Miscellaneous Income
M is for Miscellaneous Income. Wages and income, check. Interest and dividends, check. Net business income, check. Income from sale or disposition of property, check.
Read MoreTaxes From A To Z (2013): L Is For Life Insurance
L is for Life Insurance. Life insurance is one of those tricky concepts that make figuring federal income tax so frustrating for taxpayers. That’s because
Read MoreTaxes From A To Z (2013): K Is For Kidnapped Children
K is for Kidnapped Children. When an Alabama boy was taken from his school bus last month and held hostage, it made national news. It
Read MoreTaxes From A To Z (2013): J Is For Junk Fees
J is for Junk Fees. If you’ve ever bought or sold a home, you’ve probably seen a laundry list of fees on your sale or
Read MoreTaxes From A To Z (2013): I Is For IRA Rollover
I is for IRA Rollover. An individual retirement account (IRA) is type of retirement plan that allows you to set aside money for later use.
Read MoreTaxes From A To Z (2013): H Is For Hardship Withdrawal
H is for Hardship Withdrawal. When resources are limited – especially in a tough economy – taxpayers look all over the place to pay bills,
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