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Taxes
How to Report a Backdoor Roth IRA With Form 8606
A backdoor Roth IRA typically offers high-income earners a workaround to contribute directly to a…
In Lawsuit Settlement Agreements, Tax Language Is Very Important
Almost every legal settlement includes a full release of claims. A release may recite some…
Germany’s Road To Mandatory E-Invoicing: What Businesses Need To Know
The global trend to implement mandatory e-invoicing is gaining momentum as governments around the world…
How to Avoid Overpaying Your Taxes
Getting a tax refund can seem like a financial windfall, but it means you’ve overpaid…
IRS SFCP Provides Relief To Taxpayers With Undisclosed Foreign Assets
As the world grows smaller, U.S. taxpayers continue to expand their reach into foreign jurisdictions.…
I’m Selling My House and Netting $480k. Can I Avoid Taxes While Downsizing for Retirement?
In most cases, when selling your primary residence you can exclude $500,000 of the gain…
As Tax Day Gets Closer, Don’t Panic—Simply File For An Extension
Earlier today, I had a conversation with a taxpayer who was questioning a tax preparer’s…
How to Report Foreign Gifts With Form 3520
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons…
Doing Your Taxes Yourself Isn’t Always A Slam Dunk
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up…
Why More Troubled Commercial Real Estate Loans Will Come Due In 2024
Sharp reductions in value for office buildings have many waiting for a major collapse in…
IRA Early Withdrawal Rules and Penalties
When you deposit cash into your retirement account, it enters a new realm of rules…
Investment Income Can Be Tricky At Tax Time—Here’s What You Need To Know
The majority of taxable income in America comes from wages and salaries—typically, those numbers are…
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