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Taxes
How to Donate to Charity With Money From Your IRA
The IRS allows, and even encourages, charitable donations from tax-advantaged retirement accounts such as an…
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
There is an onerous issue plaguing the tax community. Some tax professionals have been advising…
Who Is Eligible for the Earned Income Tax Credit (EITC)?
The earned income tax credit can provide substantial financial benefits for low-income working individuals and…
DOJ Alleges Decades-Long Tax Scheme To Hide Foreign Assets From IRS
On March 11, 2024, the Department of Justice (DOJ) announced that a Florida man had…
My Dad Left Me $450k in an IRA, But I’m in the 32% Tax Bracket. How Should I Structure My Withdrawals?
There are a couple of different sets of rules around inherited IRAs and you’re subject…
Don’t Skip The IRS ‘Yes Or No’ Crypto Tax Question On 2023 Tax Returns
There is a lot of talk about crypto investors and tax compliance, but a yes…
What Is a Flat Income Tax and How Does It Work?
A flat income tax system is one where everyone is taxed at the same rate,…
Many Taxpayer Assistance Centers Provide Saturday Service
In addition to reopening many Taxpayer Assistance Centers and providing pop-up style service to taxpayers…
What Is a Graduated Income Tax?
A graduated income tax is the same thing as a progressive income tax system, where…
IRS Names Guy Ficco As New Chief Of Criminal Investigation
The Internal Revenue Service has announced that Guy Ficco will become the new IRS Criminal…
Do I Have to Worry About the Gift Tax If I Give My Son $75,000 Toward a Down Payment?
Unless you have given away more than $13 million in your lifetime, a $75,000 gift…
Golden Bachelor Wedding Sparks Conversations About Gray Divorce And Its Financial Consequences
On Jan. 4, 2023, 72-year-old widower Gerry Turner and star of ABC's "The Golden Bachelor"…
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