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 [...]
Information form irs.gov If you don’t have taxes withheld or you don’t have enough tax withheld, you may need to make estimated tax payments ( If you are self-employed you [...]
Yes, the federal income tax filing deadline is slightly later than usual this year — April 18 — but it’s now nearly upon us. So, if you haven’t filed your return [...]
Information from irs.gov There are specific tax rules that may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the [...]