BLOGS

It's a common question: How long must taxpayers keep copies of their income tax returns and supporting documents? Generally, individuals...

There are a lot of perfectly reasonable reasons for not having filed your income taxes. Many people who fail to file are new to the job...

If you aren’t one of those lucky Americans who get a tax refund from the IRS, you might be wondering about your options for paying off...

When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The...

There are both opportunities and pitfalls for IRA owners, and while you definitely don’t want to get caught up in a pitfall, you may want...

For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For instance, if you purchase shares of a...

My family and culture are a big part of my life, and this year, we performed a Mundan ceremony for my son in India. Mundan, called...

With inflation on the rise and medical care costs escalating, what options do seniors have for keeping up, especially if they have a...

When discussing taxes, reading tax-related articles or instructions one needs to understand the lingo and acronyms used by tax...

One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce, particularly female workers...

If you filed your 2021 federal return and expect a refund, you can check the status of your refund on either your IRS Online Account or...

Some in Congress have proposed “free” (i.e., government-paid) tuition for community college attendance. Even if that proposal were to...

Married taxpayers have two options when filing their 1040 or 1040-SR tax returns. The first and most frequently used filing status is...

Although tax issues are the furthest thing from a newlywed’s mind during this big life-changing event, couples should know how tying the...

Early in 2021, Congress passed the American Rescue Plan which included a provision that increased the child tax credit amount and upped...

During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts...

When you decided to start your own company, you likely focused on the products or services you were selling, along with your amazing...

Some holiday gifts you provide to members of your family, employees, and others may also yield tax benefits—think of it as Santa Claus...

Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of...

Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible...