Written by Tweet Taxes are something that every American must face for the majority of his or her life. With the start of a first job, income taxes become one of the great inevitabilities of living in our modern society. Many people learn tax basics but there are numerous complex tax questions that everyday people will never [...]
READ MORE »Posts in category Taxes
Should You Expect an Audit?
Tweet Auditing is every working American’s worst nightmare. The pain of tax season is hard enough with pulling data together, painstakingly entering it on forms, or hiring a professional and waiting to be sure everything is done right without the risk of an audit. Millions of individuals and families in the United States face audits [...]
READ MORE »Is that Gift Taxable?
Written by If you gave money or property to someone as a gift, you may owe federal gift tax. Many gifts are not subject to the gift tax, but there are exceptions. Here are a few tips you can use to figure out whether your gift is taxable.
READ MORE »Should Capital Gains Be Taxed Differently?
There are multiple reasons that capital gains are treated differently than income. Also, with an increasing national debt, this tax is often volleyed around as a cure for everything from low revenue to wealth inequality. What effect does an increased or decreased capital gains tax have on investment and the economy as a whole?
READ MORE »Avoid Identity Theft During Tax Season
Scams involving the impersonation of the IRS usually take the form of e-mails, tweets, or other online messages to consumers. Scammers may also use phones and faxes to reach intended victims. Some scammers set up phony Web sites.
READ MORE »e-Commerce and Tax in Missouri
A study released in April by researchers at the University of Missouri disclosed the shocking fact that the state was missing out on an average of $468 million each year due to uncollected taxes on Internet sales.
READ MORE »When Are Self-Employed Medical Plan Costs Tax Deductible?
Tweet To take on the many benefits associated with self-employment tax deductions, there are many things that you can do. The first step in this process is to actually make sure that you are qualified for the self-employed health insurance deduction. You can acquire this deduction if you have filed for Schedule C or F [...]
READ MORE »Get a Roth IRA Now to Help You in the Future
Tweet The basic assumptions when considering a traditional IRA versus a basic Roth IRA are the tax break advantages and when they occur. A disclaimer must be made here, because taxes, like the weather, are unpredictable from year to year and it is only possible to relate taxes to the current climate. * the money [...]
READ MORE »How to Include Physical Gold and Silver in an IRA Portfolio
Tweet If you didn’t know you could include physical gold and silver in a tax-advantaged portfolio, the fact is that you can. By using a self-directed IRA account, investors can protect themselves against the volatility that often accompanies the debt and equities markets while allowing for potential tax-deferred capital appreciation and stability. When we talk [...]
READ MORE »Why an Annuity May Not Be Right for You
Tweet There are a lot of different methods to receive income during retirement, but there has been a lot of attention on a particular type of retirement investment known as annuities. Annuities are essentially policies that are purchased for a set amount of money and pay out a predetermined amount to the policy holder every [...]
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