With health care costs continuing to climb, tax-friendly ways to pay for these expenses are more attractive than ever. Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement [...]
Are you thinking about turning a business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if [...]
Couple Calculating Budget Numerous tax breaks have been retroactively expanded for 2015 and beyond — or, in some cases, been made permanent — under the Protecting Americans from [...]
This year’s stock market volatility can be unnerving, but if you have a traditional IRA, this volatility may provide a valuable opportunity: It can allow you to convert your traditional [...]
It seems like a simple question: How many full-time workers does your business employ? But, when it comes to the Affordable Care Act (ACA), the answer can be complicated. The [...]
Although the kids might still be in school for a few more weeks, summer day camp is rapidly approaching for many families. If yours is among them, did you know [...]
As the school year draws to a close and the days lengthen, you may be one of the many homeowners who are getting ready to put their home on the [...]
By investing in qualified small business (QSB) stock, you can diversify your portfolio and enjoy two valuable tax benefits: 1. Tax-free gain rollovers. If within 60 days of selling QSB [...]
It’s not unusual for the IRS to conduct audits of qualified employee benefit plans, including 401(k)s. Plan sponsors are expected to stay in compliance with numerous, frequently changing federal laws [...]
Information from irs.gov Every year the IRS mails notices and letters to taxpayers for a variety of reasons. Here are a few facts you should know if you receive a notice [...]
Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside any thought of taxes until year end is approaching. But don’t succumb. [...]
Information from irs.gov The IRS offers many payment options — if you owe federal tax. Never send cash. You can pay online, send a check via USPS, pay by phone or [...]
If you do not file your tax return by the deadline and you fail to pay on time, you will usually owe interest and penalties on the tax you pay [...]
The short answer is: none. You need to hold on to all of your 2015 tax records for now. But this is a great time to take a look at [...]