Stashing away the maximum amount into your IRA each year is retirement planning rule 101.
Gift giving is something that most people do each and every year.
Health Savings Accounts (H.S.A.s) are powerful tools, particularly if you participate in a high deductible health insurance plan.
If you are self-employed, you probably spent some time in your career working as an employee for someone else.
Last December when Congress passed the Protecting Americans from Tax Hikes Act of 2015, or PATH Act as it is more commonly known, many tax provisions were impacted.
It’s tax time! This means it’s now time to report your compliance (or lack of compliance) of the Affordable Care Act to the IRS. If you and every member of your household had health insurance coverage the entire year, compliance is as simple as checking the box on line 61 of Form 1040 (line 38 of Form 1040-A, or line 11 of Form 1040-EZ).
What would be your reaction to a letter from the IRS saying that you owe money because your charitable deductions are being disallowed?
Back on July 31, President Obama signed new legislation that adds a more logical flow to the tax filing deadlines.