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 MoreWithdrawal Deadlines Looming For Some Retirement Plan Owners
When you sock money away in your retirement plan, the appeal is that the money will grow tax-deferred and be available to you for “someday.”
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 MoreChallenges To Same Sex Marriages Now At Supreme Court
On December 11, 2012, I posted the piece that follows about the Supreme Court’s grant of cert to hear cases on same-sex marriages. I’ve often
Read MoreIRS Issues List Of Dirty Dozen Tax Scams For 2013
Each year, the Internal Revenue Service issues a list of “Dirty Dozen” tax scams that can affect taxpayers. The list runs the gamut from schemes
Read MoreAll I Needed To Know About Taxes I Learned From My Kids
My kids are on spring break this week which means we are spending a lot of time together. A lot. In the space of a
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 MoreCypriots Avoid Bank Tax As Russia Appears To Pay Price For Bailout
For one week, the eyes of the world were turned to a tiny island nation in the Mediterranean. Cyprus, the third smallest economy in the
Read MoreSenate Passes Budget, Calls For Nearly $1 Trillion In Tax Increases
After an extraordinary four year dry spell, the Senate has passed a formal budget proposal. It now goes to the House where, mark my words,
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.
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