Taxes

Taxpayer Victories and Defeats
Taxes

Taxpayer Victories and Defeats

Edward Mendlowitz, CPA, ABV, PFS | March 16, 2022

The IRS is always challenging taxpayers on matters ranging from business expenses to legal settlements to unusual assets. Thousands of…

How the ­American Rescue Plan Will Affect Your Taxes and Health Insurance
Taxes

How the ­American Rescue Plan Will Affect Your Taxes and Health Insurance

Gregory Black, CPA, JD, LLM | September 1, 2021

The $1.9 trillion American ­Rescue Plan Act received plenty of publicity for providing a third round of stimulus checks and…

Benefits of the New Stimulus Bill
Taxes

Benefits of the New Stimulus Bill

July 15, 2021

Provisions in last year’s financial stimulus bill may have an effect on your income tax filing for medical expenses, donations and/or your retirement.

Seven Ways Your 2020 Tax Return Could Be Different
Taxes

Seven Ways Your 2020 Tax Return Could Be Different

Maryann Reyes, CPA, PFS | June 15, 2021

The pandemic will make this year’s tax return preparation a bit different than most years. Here’s what you need to watch out for.

Frequently Overlooked Tax Deductions for 2019
Tax Planning

Frequently Overlooked Tax Deductions for 2019

Barbara Weltman, Esq. | January 6, 2020

The new tax law contains a lot of changes to deductions. Here’s what you need to know.

Some Home Owners Could Legally Defer Their Property Taxes—Are You One?
Tax Planning

Some Home Owners Could Legally Defer Their Property Taxes—Are You One?

Abigail Walters | April 8, 2019

Two dozen states let some seniors delay paying their property tax until they sell their homes or die—a potentially huge savings.

Dealing With Tax Return Filing Extensions, Delinquent Returns and Amended Returns
The Pay-Less-Tax Man

Dealing With Tax Return Filing Extensions, Delinquent Returns and Amended Returns

Edward Mendlowitz, CPA, ABV, PFS | April 1, 2019

Here are issues to be aware of when filing a tax return past the due date or amending a return.

Avoid These Red Flags That Can Cause Audits
The Pay-Less-Tax Man

Avoid These Red Flags That Can Cause Audits

Edward Mendlowitz, CPA, ABV, PFS | March 4, 2019

There are various ways to deal with red flags to avoid an IRA audit. Here are 15 key ways.

Here Are the Tax and Other Financial Records You Should Keep Forever—and Those You Should Toss
The Pay-Less-Tax Man

Here Are the Tax and Other Financial Records You Should Keep Forever—and Those You Should Toss

Edward Mendlowitz, CPA, ABV, PFS | December 10, 2018

Here’s how long you need to keep different kinds of financial records ranging from tax documents to investment records, insurance policies and others.

Pay 0% Cap-Gains Tax
Cutting Taxes

Pay 0% Cap-Gains Tax

Jean ­Fullerton, CFP | November 6, 2018

Because of a higher standard deduction in the new federal tax law, it is easier for many Americans to pay no long-term capital gains tax at all.

Surprising Medical Deductions
Cutting Taxes

Surprising Medical Deductions

Lawrence K.Y. Pon, CPA/PFS, CFP | November 4, 2015

Ranging from Home Renovations to Clarinet Lessons Family medical costs continue to rise, with more than half the respondents in…

5 Tax Mistakes That Trap Widows and Widowers
Tax Planning

5 Tax Mistakes That Trap Widows and Widowers

Amy Wang, CPA | October 7, 2015

Taxes are not the first thing on someone’s mind after the death of a spouse, but they are something that…

How to Fight Back When the IRS Says You Owe More Taxes
Taxes

How to Fight Back When the IRS Says You Owe More Taxes

Scott Estill | September 22, 2014

You paid your taxes—but now the IRS says that you owe more. Each year, the IRS sends out millions of…

The 5 Most Overlooked Tax Deductions
Cutting Taxes

The 5 Most Overlooked Tax Deductions

Thomas J. Henske, CFP, ChFC, CFS, CLU, CLTC | June 6, 2014

Taxes…we all have to pay them, but nobody wants to pay more than their fair share. Sadly, many of us…

Tax Rules for Closing Down a Business
Taxes

Tax Rules for Closing Down a Business

Barbara Weltman, Esq. | January 3, 2012

You’ve seen the signs -- “Going Out of Business”... “Liquidation Sale.” When you’re not involved, you can only guess what…