Taxes

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…