I remember the first phone call that I received about insolvency exceptions. A taxpayer called to ask me how to protect his daughter who had
Read MoreTag: taxes from a to z
Taxes From A To Z: H Is For Household Employees
I’m not rich. I don’t own a mansion. I don’t have a maid (that would be me). I don’t have a chauffeur (that’s me), a
Read MoreTaxes From A To Z: G Is For Golden Parachutes
I know. This sounds like something that Michael Kors might be putting out. Unfortunately, golden parachute payments have nothing to do with the world of
Read MoreTaxes From A To Z: F Is For FBAR
In 1970, Congress passed the Bank Secrecy Act which was pretty much the first law on the books in the US to require banks and
Read MoreTaxes From A To Z: E Is For Early Distributions
Let’s face it… It’s been a tough couple of years for a lot of taxpayers. More and more taxpayers have reached into their savings, including
Read MoreTaxes From A To Z: D Is For Depreciation
Nothing lasts forever. Things you buy age, they wear down and sometimes, they become obsolete. That’s more or less the essence of depreciation. For federal
Read MoreTaxes From A To Z: C Is For Corrective Distributions
Retirement plans can be great vehicles for tax deferrals – but they can also be giant headaches when it comes to reporting for tax reasons.
Read MoreTaxes From A To Z: B Is For Business Mileage
Section 162 allows taxpayers to deduct expenses incurred in the course of a trade or business that are deemed “ordinary and necessary.” One of the
Read MoreTaxes From A To Z: A Is For Applicable Federal Rates
First in the series: A is for Applicable Federal Rates, or AFRs. Each month, the IRS provides various prescribed rates for federal income tax purposes;
Read MoreTaxes From A To Z
This week, I’m kicking off my “Taxes from A to Z” series on taxgirl. As part of the series, I’m planning to focus on tax
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